For the Love of Painting prepares and packages paint products. For the Love of Painting has teo departments: Blending and Packaging. Direct materials are affed at the beginning of thr blendinh process (dyes) and at the end of the packaging process (cans). Data from the month of May for the Blending Departments are as follows:

For the Love of Painting completed the following production cost report for its Blending Department for the month of May:

Conversion costs are added rvenly throighout each process. The company uses the weighed-average method.

Requirements:

Data Table Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) Costs Beginning Work-in-Process Inventory Costs added during May: 0 gallons 9,900 gallons 5,800 gallons 4,100 gallons Direct materials Direct labor Manufacturing overhead allocated 4,950 1,912 900 7,762 Total costs added during May Print Done i Reference For the Love of Painting Production Cost Report-Blending Department (Partial) Month Ended May 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Beginning work-in-process o $ 0 $ 4,950 4,950 9,900 2,812 2,812 7,030 0.40 7,762 Costs added during the period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: 7,762 0.50 $ 2,900 $ 2,050 4,950 $ 2,320 S 492 2,812 $ 5,220 2,542 7,762 Completed and transferred out Ending work-in-process Total costs accounted for Print Done i Requirements 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? Print Done Homework: Homework CH18 Score: 0 of 15 pts E18-22 (similar to) 6 of 7 ( complete) HW Score: 0%, 0 of 100 pts Ouestion Help * For the Love of Painting prepares and packages paint products For the Love of Painting has two departments: Biending For the Love of Pantng completed the tolowing production cost report for its Biending Department for the month of May and Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Data from the month of May for the Blending Department are as follows EE (Click the icon to view the data from May,) Rock the on to wow the assignment of eats Conversion costs are added evenly throughout each process The company uses the weighted-average method Read the Requirement 1. Prepare the journal entries to reoord the assignment of direct materials and dinect labor and the alocation of manufecturing overhead to the Blending Department. Also prepare the joumal entry to second the costs of the galions completed and transflerred out to the Packaging Degarment Assume lebor coets are accrued and not yer paid. Record debits frst, hen credits. Edlude eplanations from ary journal enitrs Begin with te summary joumal enery to reoord the assignment of direct materials and direct labor and the alecatien of manufactuiring overheas io he Blening Derten Accounts May 31 Choose trom any list or enter any number in the input fields and then olok Check Answe Clear All Check Anwe