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Ma As Crafty Paint prepares and packages paint products. Crafty Paint has two departments: Blending and Packaging. Direct materials are added at the beginning
Ma As Crafty Paint prepares and packages paint products. Crafty Paint has two departments: Blending and Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the Do packaging process (cans). Data from the month of May for the Blending Department are as follows: Tal (Click the icon to view the data from May.) Question Help Crafty Paint completed the following production cost report for its Blending Department for the month of May: (Click the icon to view the assignment of costs.) Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Read the requirements. Requirement 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume labor costs are accrued and not yet paid. (Record debits first, then credits. Exclude explanations from any journal entries) Begin with the summary journal entry to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Date Accounts Debit Credit May 31 Manufacturing Overhead Raw Materials Inventory Wages Payable) Next, prepare the Work-in-Process Inventory-Blending Date Work-in-Process Inventory-Packaging ed and transferred out to the Packaging Department Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question.
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