Question

Please provide answers as boxes provided above. Put 0 where there is no balance.

Answer 1

, Crafty Paint Production cost Report - Blending Department (Partial) Month Ended May 31 Equivalent unit Physical units Direct materials Conversion costs UNITS Units to account for: Beginning work in process inventory 0 Started in production 9,900 Total units to account for 9,900 Units accounted for: Completed and transferred out Ending work in process inventory Total units accounted for 5,800 4,100 9,900 5,800 4,100 9,900 5,800 1,230 7,030 Working Notes Units completed and transferred out Direct materials (5,800 x 100%) Conversion cost (5,800 x 100%) 5,800 5,800 Ending work in process inventory Direct materials (4,100 x 100%) Conversion cost (4,100 x 30%) 4,100 1,230

Crafty Paint Production cost Report - Blending Department (Partial) Month Ended May 31 Equivalent unit COSTS Direct materials Conversion costs Total costs Cost to account for Beginning work in process inventory $ 0 $ 0 $ Cost added during may 4,950 2,812 Total cost to account for (a) 4,950 $ 2,812 $ Equivalent unit of production (b) 9,900 7,030 Cost per equivalent unit (a/b) 0.50 $ 0.40 0 7,762 7,762 $ $ Cost acconted for Completed and transferred out Ending work in process inventory Total cost accounted for 2,900 2,050 4,950 2,320 492 2,812 5,220 2,542 7,762 $ $ Working Notes Conversion cost Direct labor + Manufacturing overhead allocated Cost of units completed and transferred out Direct materials (5,800 x $ 0.50 ) Conversion cost (5,800 x $ 0.40) 2,900 2,320 Ending work in process inventory Direct materials (4,100 x $ 0.50 ) Conversion cost (4,100 $ 0.40) 2,050 492