Question 3, Part 3. Please answer in same format as question 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.)Read the requirements.Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory.Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in thefollowing step. (Complete all input fields. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to ient units of production.)Data TableColor ExplosionProduction Cost Report - Blending Department (Partial)Month Ended May 31GallonsDirectConversionTotalBeginning Work-in-Process InventoryO gallonsCOSTSMaterialsCostsCostsStarted in production8,500 gallonsCosts to account for:Completed and transferred out to Packaging in May6,500 gallonsEnding Work-in-Process Inventory (30% of the waythrough the blending process)2,000 gallonsTotal costs to account forCostsBeginning Work-in-Process Inventory$Costs added during May:Choose from any list or enter any number in the input fields and then click Check Answer.materials5,525Direct labor1,500partremainingCleheck Answer2,547Manufacturing overhead allocated Month Ended May 31Equivalent UnitsPhysicalDirectConversionUNITSUnitsMaterialsCostsUnits to account for:Beginning work-in-processStarted in production8,5008,500Total units to account forUnits accounted for:Completed and transferred out6,5006,5006,500Ending work-in-process2,0002,0006008,5008,5007,100Total units accounted for

The work in process is the inventory that is in the production process and yet not been ready for…

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.)

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.)

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 16M

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Question 3, Part 3. Please complete blank sections in same form as question
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Question 3, Part 1
Computing EUP, assigning costs, no beginning WIP or costs transferred in 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) Conservation 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; Requirements Compute the Blending Departments equivalent units of production for direct materials and for conversion costs. 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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UPVOTE WILL BE GIVEN! INPUT THE COMPLETE SOLUTIONS. YOU MAY USE EXCEL. BOX THE FINAL ANSWERS. a. Calculate the Equivalent Units of Production - Conversion Cost. = b. Calculate for the total material cost per unit =