E6-438 Complete five-step procedure in first department (Learning Objective 3) You Can Paint Too prepares and packages paint products. You Can Paint Too has two departments: Blending and 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: Litres: Beginning work in process inventory 0 Started production 8,500 litres Completed and transferred out to Packaging in May 6,400 litres Ending work in process inventory (30% of the way through the blending process) 2,100 litres Costs: Beginning work in process inventory SO Costs added during May Direct materials (ves) 4.200 Direct labour 750 Manufacturing overhead 2.500 30 Total costs added during May $7.450 Total costs added during May $7,450 Requirements 1. Fill in the time line for the Blending Department similar to Exhibit 6-6. 2. Summarize the physical flow of units and compute total equivalent units using the weighted average method 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 for conversion costs. 4. Assign total costs to units (litres): a. Completed and transferred out to the Packaging Department b. In the Blending Department ending work in process inventory Check sum: The average cost per litre is $.95 litre. 5. What is the average cost per litre transferred out of the Blending Department to the Packaging Department? Why would You Can Paint Too's managers want to know this cost