Color Explosion prepares and packages paint products. Color Explosion 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.) Data Table Read the requirements. Requirement 1. Compute the Blending Department's equivalent units of production for direct materials and for conv Gallons Color Explosion Beginning Work-in-Process Inventory O gallons Production Cost Report - Blending Department (Partial) Started in production 8,500 gallons Month Ended May 31 Completed and transferred out to Packaging in May 6,500 gallons Equivalent Units Ending Work-in-Process Inventory (30% of the way through the blending process) Physical Direct Conversion 2,000 gallons UNITS Units Materials Costs Costs Units to account for: Beginning Work-in-Process Inventory Costs added during May: Direct materials 5,525 Direct labor 1,500 Total units to account for 2,547 Manufacturing overhead allocated 9.572 Total costs added during May
Color Explosion prepares and packages paint products. Color Explosion 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.) Data Table Read the requirements. Requirement 1. Compute the Blending Department's equivalent units of production for direct materials and for conv Gallons Color Explosion Beginning Work-in-Process Inventory O gallons Production Cost Report - Blending Department (Partial) Started in production 8,500 gallons Month Ended May 31 Completed and transferred out to Packaging in May 6,500 gallons Equivalent Units Ending Work-in-Process Inventory (30% of the way through the blending process) Physical Direct Conversion 2,000 gallons UNITS Units Materials Costs Costs Units to account for: Beginning Work-in-Process Inventory Costs added during May: Direct materials 5,525 Direct labor 1,500 Total units to account for 2,547 Manufacturing overhead allocated 9.572 Total costs added during May
Chapter1: Financial Statements And Business Decisions
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Chapter 20. Question 3. Please write out in same way as question so it's easy for me to read :)
Transcribed Image Text:Color Explosion prepares and packages paint products. Color Explosion 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:
E (Click the icon to view the data from May.)
Data Table
Read the requirements.
Requirement 1. Compute the Blending Department's equivalent units of production for direct materials and for conv
Gallons
Color Explosion
Beginning Work-in-Process Inventory
O gallons
Production Cost Report - Blending Department (Partial)
Started in production
8,500 gallons
Month Ended May 31
Completed and transferred out to Packaging in May
6,500 gallons
Equivalent Units
Ending Work-in-Process Inventory (30% of the way
through the blending process)
Physical
Direct
Conversion
2,000 gallons
UNITS
Units
Materials
Costs
Costs
Units to account for:
Beginning Work-in-Process Inventory
$
Costs added during May:
Direct materials
5,525
Direct labor
1,500
Total units to account for
2,547
Manufacturing overhead allocated
$
9,572
Total costs added during May
Choos e from any list or enter
nber in the input fields and then click Check Anewer
Transcribed Image Text:Equivalent Units
Physical
Direct
Conversion
UNITS
Units
Materials
Costs
Units to account for:
Total units to account for
Units accounted for:
Total units accounted for
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