Question
Prepare a production cost report for the Blending Department for the month of October. The Blending Department for CenTex Paints started October with 1,000 gallons
Prepare a production cost report for the Blending Department for the month of October.
The Blending Department for CenTex Paints started October with 1,000 gallons in process and started in production 9,500 gallons. During the month, 7,000 gallons were completed and transferred to the next department. Ending work-in-process was 3,500 gallons (100% complete with respect to direct materials and 30% complete for conversion costs). The department uses the weighted-average method. The Blending Department incurred the following costs:
Beginning WIP Direct materials costs $ 500 |
Beginning WIP Conversion costs 1,200 |
Direct materials added during the month 5,800 |
Conversion costs added during the month 5,200 |
Total $12,740 |
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