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Hello, I did most of the problem right, I am confused on how they got the numbers for the black highlighted part on the last
Hello, I did most of the problem right, I am confused on how they got the numbers for the black highlighted part on the last photo, can I get an explanation?
Month Ended May 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for Beginning work-in-process $ 0 $ 0 $ O Costs added during the period 6,750 3,300 10,050 Total costs to account for $ 6,750 $ 3.300 $ 10,050 Divided by: Total EUP 9.000 5,500 Cost per equivalent unit $ 0.75 $ 0.60 Costs accounted for: Completed and transferred out 3.000 $ 2,400 $ 5.400 Ending work-in-process 3,750 900 4,650 Total costs accounted for 5 6.750 $ 3,300 10.050\fPaint by Number Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for Beginning work-in-process $ O S Costs added during the period 6.750 3.300 10.050 Total costs to account for 6.750 S 3.300 S 10.050 Divided by: Total EUP 9.000 5.500 Cost per equivalent unit 0.75 5 0.60 Step 4: Assign Costs to Units Completed and Units In ProcessPaint by Number prepares and packages paint products. Paint by Number 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: EE (Click the icon to view the data from May ) Read the requirements. Requirement 1. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory.Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for. Beginning work-in-process Started in production 9.000 Total units to account for 9.000 Units accounted for. Completed and transferred out 4.000 4 000 4:000 Ending work-in-process 5.000 5.000 1.500 9.000 9 000 5.500 Total units accounted forStep by Step Solution
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