Data table Gallons Question nding and d of the packaging Reference Paint by Number Beginning Work-in-Process Inventory 0 gallons Started in production 6,600 gallons Completed and transferred out to Packaging in May 4,400 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) 2,200 gallons Costs Beginning Work-in-Process Inventory Costs added during May: Production Cost Report - Blending Department (Partial) COSTS Month Ended May 31 Direct Materials Conversion Costs Total Costs Costs to account for: 0 bor and the allocation ot yet paid. (Record de d the allocation of mar Beginning work-in-process $ 0 $ 0 $ 4,620 4,048 8,668 Costs added during the period Total costs to account for 4,620 4,048 8,668 Direct materials 4,620 Direct labor 2,500 Divided by: Total EUP 6,600 5,060 $ 0.70 $ 0.80 Manufacturing overhead allocated 1,548 Cost per equivalent unit Total costs added during May 8,668 Costs accounted for: Completed and transferred out $ 3,080 $ 1,540 3,520 $ 6,600 528 2,068 Ending work-in-process Requirements $ 4,620 $ 4,048 $ 8,668 Total costs accounted for Requirement 2. Post t Post the entries using 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume labor costs are accrued and not yet paid. 2. Post the journal entries to the Work-in-Process Inventory-Blending T-account. What is the ending balance? 3. What is the average cost per gallon transferred out of the Blending Department into the Packaging Department? Why would the company managers want to know this cost? Beg. Bal. Print Done