The Blending Department for ArkYork Paints started October with 500 gallons in process and started in production 9 comma 000 gallons. During the month, 6 comma 500 gallons were completed and transferred to the next department. Ending work-in-process was 3 comma 000 gallons (100% complete with respect to direct materials and 10% complete for conversion costs). The department uses the weighted-average method. The Blending Department incurred the following costs: LOADING...(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.)

Production cost report for the Blending Department for the month of October

Inputs

                                                                                     Units                      

Opening Work In Process                                           500

Started                                                                       9,000

Total                                                                           9,500

Outputs

                                                                                    Units                      

Completed and Transferred                                      6,500

Closing Work In Process                                            3,000

Total                                                                            9,500

Explanation:

The concept of equivalent units measures the number of units completed in terms of completion stage of the the inputs.