Answered step by step
Verified Expert Solution
Question
1 Approved Answer
E18-21 (similar to) Question Help You're an Artist prepares and packages paint products. You're an Artist has two departments: Blending and Packaging. Direct materials are
E18-21 (similar to) Question Help You're an Artist prepares and packages paint products. You're an Artist has two departments: Blending and Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. The company uses the weighted average method, Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Compute the Blending Department's equivalent unils of production for direct materials and for conversion costs. (Complete all answer boxes. Enter a "0" for any zero balances.) You're an Artist Production Cost Report - Blending Department (Partial) Month Ended May 31 Requirements Equivalent Units Physical Direct Conversion Units UNITS Materials 1. Costs Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. Units to account for: 2. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Blending Department ending Work-in-Process Inventory. Total units to account for Units accounted for Print Done Total units accounted for Data Table Gallons Beginning Work-in-Process Inventory Started in production O gallons 9,000 gallons 4,000 gallons 5,000 gallons Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) Costs $ 0 Beginning Work-in-Process Inventory Costs added during May: Direct materials Direct labor 6,750 1,300 2,000 Manufacturing overhead allocated $ 10,050 Total costs added during May Print Print Done Done] Requirements 1. 2. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Blending Department ending Work-in-Process Inventory. Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started