E5-27A Complete five-step procedure in first department. The Lucy Paint Conpany prepares and packages paint products. The compary has two departments: (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: Gallons: 1: Draw a time line. 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 and find the cost per equivalent unit for direct materials and conversion costs. 4: complete the next step of the process. 5: Present the joumal entry to record the use of direct materials and direct labor and the allocation of manufacturing overhead to the blending department. Also, give the journal entry to record the costs of the gallons completed and transferred out to the packaging Department. E5-27A Complete five-step procedure in first department. The Lucy Paint Conpany prepares and packages paint products. The compary has two departments: (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: Gallons: 1: Draw a time line. 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 and find the cost per equivalent unit for direct materials and conversion costs. 4: complete the next step of the process. 5: Present the joumal entry to record the use of direct materials and direct labor and the allocation of manufacturing overhead to the blending department. Also, give the journal entry to record the costs of the gallons completed and transferred out to the packaging Department