at the end of August are 40% complete and materials are added at the the process. 3. Units in process at the beginning o 4. Units in process at the beginning of August are 70% complete; units in process at the end of August are 60% complete; materials are added at the halfway point. beginning WIP or cost E18-19 Computing EUP, assigning cost, no transferred in Crafty Paint prepares and packages paint products. Crafty Paint has two 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. Data from the month of May for the Blending Department are as follows: departments: Gallons O gallons Beginning Work-in-Process Inventory 9,000 gallons Started in production 4,000 gallons Completed and transferred out to Packaging in May 5,000 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) Costs $ 0 Beginning Work-in-Process Inventory Costs added during May: 6,750 Direct materials 1,300 Direct labor 2,000 Manufacturing overhead $ 10,050 Total costs added during May Requirements 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. 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.
at the end of August are 40% complete and materials are added at the the process. 3. Units in process at the beginning o 4. Units in process at the beginning of August are 70% complete; units in process at the end of August are 60% complete; materials are added at the halfway point. beginning WIP or cost E18-19 Computing EUP, assigning cost, no transferred in Crafty Paint prepares and packages paint products. Crafty Paint has two 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. Data from the month of May for the Blending Department are as follows: departments: Gallons O gallons Beginning Work-in-Process Inventory 9,000 gallons Started in production 4,000 gallons Completed and transferred out to Packaging in May 5,000 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) Costs $ 0 Beginning Work-in-Process Inventory Costs added during May: 6,750 Direct materials 1,300 Direct labor 2,000 Manufacturing overhead $ 10,050 Total costs added during May Requirements 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
How do I compute the unit production for direct materials and conversion costs? Also, how do I compute the total costs of units (gallons)?
I inserted a pic of the exercise problem that I am currently stuck on.
Transcribed Image Text:at the end of August are 40% complete and materials are added at the
the process.
3. Units in process at the beginning o
4. Units in process at the beginning of August are 70% complete; units in process at
the end of August
are 60% complete; materials are added at the halfway point.
beginning WIP or cost
E18-19 Computing EUP, assigning cost, no
transferred in
Crafty Paint prepares and packages paint products. Crafty Paint has two
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. Data from the month of May for the Blending
Department are as follows:
departments:
Gallons
O gallons
Beginning Work-in-Process Inventory
9,000 gallons
Started in production
4,000 gallons
Completed and transferred out to Packaging in May
5,000 gallons
Ending Work-in-Process Inventory (30% of the way
through the blending process)
Costs
$ 0
Beginning Work-in-Process Inventory
Costs added during May:
6,750
Direct materials
1,300
Direct labor
2,000
Manufacturing overhead
$ 10,050
Total costs added during May
Requirements
1. Compute the Blending Department's equivalent units of production for direct
materials and for conversion costs.
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.
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