Managerial Accounting Homework

1.Fill in also for Direct Materials and Conversion Costs

Requirements 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. Data Table Gallons Beginning Work-in-Process Inventory 0 gallons Started in production 9,000 gallons Completed and transferred out to Packaging in May 4,000 gallons Ending Work-in-Process Inventory (30% of the way 5,000 gallons through the blending process) Costs Beginning Work-in-Process Inventory Costs added during May: Direct materials Direct labor Manufacturing overhead allocated Total costs added during May 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 weightedaverage method. Data from the month of May for the Blending Department are as follows: lick the icon to view the data from May.) Read the muirements. Requirement 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. (Complete all input elds. Enter a "0" for any zero balances.) You're an Artist Production Cost Report - Blending Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: |:| |;| Total units to account for l;l Units accounted for: |:l:: |;|;; Totauunusaccoumedmr Egg ReqUirementS Compute the Fermenting 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 Fermenting Department ending Work-inProcess Inventory. Data Table Gallons Beginning Work-in-Process Inventory 600 gallons Started in production 8,100 gallons Completed and transferred out to Packaging in March 7,250 gallons Ending Work-inProcess Inventory (80% of the way 1,450 gallons through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor Manufacturing overhead allocated Total costs added during March Anderson Winery in Pleasant Valley, New York. has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Data from the month of March for the Fermenting Department are as follows: lick the icon to view the data from March.) Read the muirements. Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of production for direct materials and for conversion costs. Anderson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 UNITS Units to account for: Z E Total units to account for Units accounted for: ll Physical Units : E Equivalent Units Direct Conversion Materials Costs : Total units accounted for ;; ; | : _l === Requirements . Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. . Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Data Table Mixing Department Units to account for: Beginning work-in-process, April 30 40,000 Started in May 75,000 Transferred in during May Total units to account for 115.000 Units accounted for: Completed and transferred out during May 80,000 Ending work-in-process, May 31 35,000 Total units accounted for 115.000 Heating Department 2,000 80,000 82,000 Selected production and cost data of Linda's Design Co. follow for May 2024: (Click the icon to view the production and cost data.) On May 31, the Mixing Department ending Work-in-Process Inventory was 65% complete for materials and 30% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 85% complete for materials and 30% complete for conversion costs. The company uses the weighted-average method. Read the requirements. . . . . . Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Linda's Design Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Total units accounted forRequirements 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method. 2. Prepare the journal entry to record the cost of units completed and transferred out. 3. Post all transactions to the Work-in-Process InventoryBottling T-account. What is the ending balance? Data Table Beginning inventory, Mar. 1 (40% complete) Production started Transferred out Ending inventory, Mar. 31 (70% complete) Cool and Clear Company Work-i n-Process InventoryBottling Month Ended March 31, 2024 Dollars Direct Labor 600 $ 33,400 Direct Materials Transferred In Manufacturing Overhead 530 $ 27,570 Units 16,000 $ 164,000 155,000 25,000 1,900 136,700 $ 27,900 Total Costs 3,030 225,570 Cool and Clear Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred in costs of $1,900, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow: (Click the icon to view the data.) Read the requirements. . . . . . Requirement 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method. (Complete all input fields. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.)UNITS Units to account for: Cool and Clear Company Production Cost Report - Bottling Department Month Ended March 31, 2024 Physical Units Total units to account for Units accounted for: I: i; Equivalent Units Transferred Direct Materials Conversion Costs Total units accounted for :H: [====