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Current Attempt in Progress Splish Paints makes various interior and exterior paints for its customers. but its current focus is on its top-selling interior brand.
Current Attempt in Progress Splish Paints makes various interior and exterior paints for its customers. but its current focus is on its top-selling interior brand. Splish produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Units Transferred-In DM Conversion Costs Units in beginning W] P Inventory 1.700 Beginning WIP Inventory degree of completion 100% 100% 60% Costs in beginning WIP Inventory $13,660 $2,000 $1,680 New units started 44,100 Costs added to WIP inventory this period $412,280 $47,500 $88,800 Units completed 45,000 Units in ending WIP inventory 800 Ending WIP Inventory degree of completion 100% 0% 30% (a) (a) Complete Steps 15 of the template for the canning department of Splish Paints this year using the weighted-average method of process costing, clearly labeling the following. {Round cost per equivalent unitanswersto 2 decimal places. as. 15.25.) 0 Equivalent units of production for all three cost categories: transferredein, DM, and conversion costs. 0 The cost per equivalent unit for all three cost categories: transferredin. DM, and conversion costs. I The total cost of units completed and the total cost of units in ending WI P Inventory. Tra nsferred-in DM Conversion Cost Total equivalent units of work done Cost per equivalent unit $ $ $ Total cost of units completed $ Cost of units in ending WIP Inventory $
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