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Please fill in ALL the blanks using the information provided :) Blossom Company uses the weighted-average processcoSt system. The Molding Department adds materials at the
Please fill in ALL the blanks using the information provided :)
Blossom Company uses the weighted-average processcoSt system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in Process Inventory on May I was 75% complete as to conversion costs and Work in Process Inventory on May 31 was 60% complete for conversion costs. Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, e.g- 52.75.) BLOSSOM COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units Quantities units to be accounted for Work in process, May 1 Started into production Total units units accounted for Completed and transferred out Work in process, May 31 Total units COSTS Unit costs Costs in May Equivalent units Unit costs Costs to be accounted for Work in process. May I Started into production Total costs Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, May 31 Materials Conversion costs Total costs Physical Units 6.400 25,600 32,000 28.000 4,000 32000 Materials zzzzzzzn Materials $112,000 Conversion Costs Conversion Costs $129,200 Total $241.200 $48,000 193.200 $241,200 $241,200 SUP'tc
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