Question

E18-21 (similar to) Question Help You're an Artist prepares and packages paint products. You're an Artist has two departments: Blending and Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. The company uses the weighted average method, Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Compute the Blending Department's equivalent unils of production for direct materials and for conversion costs. (Complete all answer boxes. Enter a "0" for any zero balances.) You're an Artist Production Cost Report - Blending Department (Partial) Month Ended May 31 Requirements Equivalent Units Physical Direct Conversion Units UNITS Materials 1. Costs Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. Units to account for: 2. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Blending Department ending Work-in-Process Inventory. Total units to account for Units accounted for Print Done Total units accounted for

Answer 1

Answer1) 5000 gallons

Answer 1 Computation of blendings department euivalent units of production for direct materials and for conversion costs Direct Direct Manufaturing Total Material Labour Overheads Completed Ending WIP Equivalent units 4000 5000 А 5000 4000 1500 5500 1500 4000 1500 5500 4000 1500 5500 $500 total cost cost per unit B 6750 A/B 1300 0.2364 2000 0.3636 1.2273 Answer2 Computation of the total costs a) completed and transferred to packaging department Direct Direct Total Material Labour Manufaturing Overheads 945.4545 1454.5455 4000 gallons 7309.0909 4909.0909 computed as per answer 1 cost per unit b) in the blending department Work in progress Total Direct Material Direct Labour Manufaturing Overheads 1500 gallons 2740.9091 1840.9091 354.5455 545.4545 computed as per answer 1 cost per unit

Answer 2 a)$7309.0909 b)2740.9091