Questione Color Explosion prepares and packages paint producte. Color Explosion has two departments Blending and Packaging Color Explosion completed the following production cost report for sending Department for the month of May Direct materials are added at the beginning of the blending process (yes) and at the end of the packaging proces cana) Data from the month of May for the blending Department we as follows: Click on to view the assignment of costs) Click the loon to view the data from May) Conversion cos e added evenly throughout each process. The company use the weighted average method Read more Requirement 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the location of manstucturing overhead to the Blending Department Amo, prepare the journal erty to record the con el restore completed and transferred out to the Packaging Department. Assume labor conta a scrued and not yet paid. Record debits first the credits Exclude expirations from aroun ) Begin with the summary joumal entry to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the ending Department Accounts Debat Credit May 31 Date Explosion has two departments: Blending and Packaging. rocess (dyqel and at the end of the rackaninance ment are as Data Table Color Explosion completed the following production cost report for its 1s.) ich process. The cc signment of Assume la Gallons ment. Also, prepare ny journal entries.) nt of direct 0 gallons 8,500 gallons 6,500 gallons 2,000 gallons Beginning Work-in-Process Inventory Started in 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 Direct labor Manufacturing overhead allocated Total costs added during May $ 0 5,525 1,500 2,547 $ 9,572 Print Done Ids and thoron Wor Color E mg proce Reference artment report for its E Eess. The com assigned ent. Ass uso, prepare the hal entries.) mmento Total Costs $ 0 Color Explosion Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion COSTS Materials Costs Costs to account for: Beginning work-in-process 0 $ 0$ Costs added during the period 5,525 4,047 Total costs to account for 5,525 4,047 Divided by: Total EUP 8,500 7,100 Cost per equivalent unit 0.65 $ 0.57 Costs accounted for Completed and transferred out 4,225 $ 3,705 $ Ending work-in-process 1,300 342 Total costs accounted for $ 5,525 $ 4,047 $ 9,572 9,572 $ $ 7,930 1.642 9,572 it fields Print Done Clear All