Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the 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 the following step. (Complete all input fields. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.) **You're an Artist Production Cost Report - Blending Department (Partial)** *Month Ended May 31*### OverviewYou’re an Artist specializes in preparing and packaging paint products. The company has two main departments: Blending and Packaging. Direct materials, such as dyes, are added at the beginning of the blending process, while packaging materials, like cans, are introduced at the end. Conversion costs occur consistently during the process. The company employs the weighted-average method for cost accounting.### Interactive Components- **Data Access**: An interactive icon is available for viewing detailed data from May. - **Requirements**: A link is provided to review specific processing requirements.### Cost Report Details**COSTS**1. **Costs to Account For:** - **Direct Materials:** [Input Field] - **Conversion Costs:** [Input Field] - **Total Costs:** [Input Field]2. **Total Costs to Account For:** - [Comprehensive Input Field]3. **Cost per Equivalent Unit:** - [Calculation Field for Direct Materials] - [Calculation Field for Conversion Costs] - [Calculation Field for Total Costs]This report helps in understanding the financial allocation in the Blending Department for May, shedding light on how both direct materials and conversion costs contribute to the total production cost. The fields indicate placeholders meant for inputting actual data or calculations. **Data Table****Gallons:**- **Beginning Work-in-Process Inventory:** 0 gallons- **Started in Production:** 9,900 gallons- **Completed and Transferred Out to Packaging in May:** 5,800 gallons- **Ending Work-in-Process Inventory:** 4,100 gallons (30% of the way through the blending process)**Costs:**- **Beginning Work-in-Process Inventory:** $0**Costs Added During May:**- **Direct Materials:** $4,950- **Direct Labor:** $1,912- **Manufacturing Overhead Allocated:** $900**Total Costs Added During May:** $7,762

Name: Compute the total costs of the units (gallons) (a) completed and tran
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Department ending Work-in-Process Inventory.Complete the Production Cost Report that you began in Requirement 1 by calcu