E5-26A (book/static) Boston Hp The Color World Paint Company prepares and packages paint products. The company has departments (1) Blending and 2) Padang Dem of the packaging proces cans Conversion on weide h oughout each process at bother son g the icon to view the data from August) ers are added at the beginning of the binding process s and at the end Read the requirements Requirement 1. these for the landing Department 0 Requirements 1. Fill-in the time line for the Blending Department 2. Summarize the physical flow of units and compute total equivalent units for direct materials and for conversion costs. 3. Summarize total costs to account for and find the cost per equivalent unit for direct materials and conversion costs. 4. Assign total costs to units (gallons): 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? Check Answer Ons 9,000 gallons Beginning work in process inventory Started production Completed and transferred out to Packaging in August Ending work in process inventory (30% of the way through the blending process) Costs: 6,500 gallons 2,500 gallons Beginning work in process inventory Costs added during August Direct materials (dyes) Direct labor Manufacturing overhead Total costs added during August 5,670 800 2.100 8,570 en click Check $