Question
Post the journal entries to the Work-in-Process Inventorylong dashBlendingBlending T-account. What is the ending balance? Post the entries using the appropriate descriptions as posting references.
Post the journal entries to the Work-in-Process Inventorylong dashBlendingBlending T-account. What is the ending balance? Post the entries using the appropriate descriptions as posting references. Denote the ending balance as "Bal." Work-in-Process InventoryBlending Beg. Bal. 0 Choose from any list or enter any number in the input fields and then click Check Answer. Gallons Beginning Work-in-Process Inventory 0 gallons Started in production 6,600 gallons Completed and transferred out to Packaging in May 4,400 gallons Ending Work-in-Process Inventory (30% of the way through 2,200 gallons the blending process) Costs Beginning Work-in-Process Inventory $0 Costs added during May: Direct materials 4,620 Direct labor 2,500 Manufacturing overhead allocated 1,548 Total costs added during May $8,668 Color Explosion Production Cost Report - Blending Department (Partial) Month Ended May 31 Transferred Direct Conversion Total COSTS In Materials Costs Costs Costs to account for: Beginning work-in-process n/a $0 $0 $0 Costs added during the period n/a 4,620 4,048 8,668 Total costs to account for n/a 4,620 4,048 8,668 Divided by: Total EUP n/a 6,600 5,060 Cost per equivalent unit n/a $0.70 $0.80 $1.50 Costs accounted for: Completed and transferred out n/a $3,080 $3,520 $6,600 Ending work-in-process n/a 1,540 528 2,068 Total costs accounted for n/a $4,620 $4,048 $8,668
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