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How do I find the conversion costs and the total costs? You Can Paint Too Production Cost Report - Blending Department (Partial) Month Ended May
How do I find the conversion costs and the total costs?
You Can Paint Too 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 0 0 0 Costs added during the period 5,700 Total costs to account for 5,700 Divided by: Total EUP 9,500 .6 Cost per equivalent unit i Data Table Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) O gallons 9,500 gallons 6,000 gallons 3,500 gallons Costs EA 0 Beginning Work-in-Process Inventory Costs added during May: Direct materials 5,700 Direct labor 2,085 2,004 Manufacturing overhead allocated $ 9,789 Total costs added during May Print Done X i 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 DoneStep by Step Solution
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