1 Data Table Gallons: Beginning work in process inventory 8,600 gallons Completed and transferred out to Packaging in May Ending work in process inventory (30% of the way through 6,300 gallons the blending process) 2,300 gallons Costs: Beginning work in process inventory Costs added during May Direct materials (dyes) Direct labor Manufacturing overhead 5,246 700 2,096 $ 8,042 Total costs added during May Print Done Paint My World prepares and packages paint products. The compariy has two deparlets:(1) Blending and (2) 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. Data from the month of May for the Blending Department are as follows Clck the lcon to view the data from May-) Read the requirements. Requirement 1. Fill-in the time line for the Blending Departmernt. Requirements 1. FilHin the time line for the Blending Deparlment. 2. Summarize the physical flow of units and compute total equivalent units for direct 3. Summarize total costs to account for and find the cost per equivalent uni for direct 4. Assign total costs to units (gallons) materials and for conversion costs. materials and conversion costs Start Completo Complete a. Completed and transferred out to the Packaging Department b. In the Blending Department ending work in process inventory 5. What is the average cost per gallon transferred out of the Blending Department to the Packaging Department? Why would the company's managers want to know this cost? Print Done Requirement 2. Summarize the physical flow of units and compute total equalent units for direct materials and for conversion costs. (For entries with a balance, make sure to enter "O" in the appropriate column.) Blending Department Equivalent Unit Computation Month Ended May 31 Flow of Equivalent Units PhysicalDirect Conversion Flow of Production Units Materials Costs Units to account for: Units accounted for: Total equivalent units Requirement 3. Summarize total costs to account for and find the cost per equivalent unit for direct materials and for conversion costs. (For entries with a $0 balance, make sure to enter "O in the appropriate cell(s). Enter the cost per equivalent unit to two decimal places.) Blending Department Cost per Equivalent Unit Month Ended May 31 Direct Conersion Materials Costs Total Cost per equivalent unit Requirement 4. Assign total costs to units (gallons): (a) Campleted and transferred out to the Packaging Department an amounts in the same order as calculated in the preceding step.) (b) In the Blending Department ending work in process inventory. (Enter quantities first, then the cost per equivalent unit Blending Department Month Ended May 31 Assigning Costs Direct Conversion Materials Costs Total a. Completed and transferred out: b. Ending work in process: Total costs accounted for Requirement 5. What is the average cost per gallon transferred out of the Blending Department to the Packaging Department? Why would the company's managers want to know this cost? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per gallon transferred out of the Blending Department to the Packaging Department. (Round your answer to two decimal places.) Average cost - per gallon Why woud Paint My World's managers want to know this coat? Managers will want to know this cost to compare it to their . They may also use the cost information when