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Paint My World prepares and packages paint products. Paint My World has two departments: Blending and Packaging. Direct materials are added at the beginning of
Paint My World prepares and packages paint products. Paint My World 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. Data from the month of May for the Blending Department are as follows: E: (Click the icon to view the data from May.) Requirements Requirement 1. Summarize the physical flow of units, and compute total equivalent units using the weighted average method for direct materials and for conversion costs. (For entries with a zero balance, make sure to enter "0" in the appropriate column.) Paint My World Blending Department Flow of Physical Units and Computation of Equivalent Units Flow of Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Units to account for: Units accounted for Total equivalent units Data from May - X 0 9,200 litres 6,600 litres 2,600 litres Litres: Beginning work in process inventory Started production Completed and transferred out to Packaging in May Ending work in process inventory (30% of the way through the blending process) Costs: Beginning work in process inventory Costs added during May: Direct materials (dyes) Direct labour Manufacturing overhead Total costs added during May $ 0 5,980 850 1,733 8,563 Print Done
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