The Blending Department for Westiana Paints started October with 1,200 gallons in process and started in production 9,700 gallons. During the month, 7,200 gallons were completed and transferred to the next department. Ending work-in-process was 3,700 gallons (100% comple with respect to direct materials and 30% complete for conversion costs). The department uses the weighted-average method. The Blending Department incurred the following costs: (Click the icon to view the costs.) 7. Prepare a production cost report for the Blending Department for the month of October. (Enter cost per equivalent units to the nearest cent. Abbreviations: EUP = Equivalent Units of Production.) UNITS Units to account for Total units to account for Units accounted for: Total units accounted for COSTS Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for Total costs accounted for Westiana Paints Production Cost Report - Blending Department Month Ended October 31 Physical Units Equialent Units Direct Conversion Materials Costs Direct Conversion Materials Costs . Total Costs CEED Data table Beginning WIP-Direct material costs Beginning WIP-Conversion costs Direct materials added during the month Conversion costs added during the month Total Print Done $ $ - X 165 1,617 5,830 4,200 11,812
The Blending Department for Westiana Paints started October with 1,200 gallons in process and started in production 9,700 gallons. During the month, 7,200 gallons were completed and transferred to the next department. Ending work-in-process was 3,700 gallons (100% comple with respect to direct materials and 30% complete for conversion costs). The department uses the weighted-average method. The Blending Department incurred the following costs: (Click the icon to view the costs.) 7. Prepare a production cost report for the Blending Department for the month of October. (Enter cost per equivalent units to the nearest cent. Abbreviations: EUP = Equivalent Units of Production.) UNITS Units to account for Total units to account for Units accounted for: Total units accounted for COSTS Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for Total costs accounted for Westiana Paints Production Cost Report - Blending Department Month Ended October 31 Physical Units Equialent Units Direct Conversion Materials Costs Direct Conversion Materials Costs . Total Costs CEED Data table Beginning WIP-Direct material costs Beginning WIP-Conversion costs Direct materials added during the month Conversion costs added during the month Total Print Done $ $ - X 165 1,617 5,830 4,200 11,812
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The image illustrates a production cost report and data table for Westiana Paints' Blending Department for the month ending October 31.
### Text Description:
The Blending Department started October with 1,200 gallons in process and commenced production on 9,700 gallons. Out of these, 7,200 gallons were completed and transferred to the next department, while the ending work-in-process (WIP) was 3,700 gallons, with 100% completion concerning direct materials and 30% for conversion costs. The weighted-average method was used for this report. The department incurred the following costs:
- Beginning WIP—Direct material costs: $165
- Beginning WIP—Conversion costs: $1,617
- Direct materials added during the month: $5,830
- Conversion costs added during the month: $4,200
- Total Costs: $11,812
### Report Structure:
#### UNITS:
- **Units to account for:**
- Physical Units
- Direct Materials
- Conversion Costs
- **Units accounted for:**
- This section will calculate totals and costs per equivalent unit across physical units, direct materials, and conversion costs. Actual figures need to be filled in based on the data and formulas not detailed in the image.
#### COSTS:
- **Costs to account for:**
- Direct Materials
- Conversion Costs
- Total Costs (Sum of Direct Materials and Conversion Costs)
- The calculated costs will be broken down into:
- Total costs to account for each category
- Cost per equivalent unit for each category
- Total costs accounted for each category
This report provides a detailed breakdown of the production process costs, allowing for a thorough understanding of cost allocation in a manufacturing setting using the weighted-average method.
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