Grafly Parit preperes and pockages pairt products, The concany has two departments: (1) Biending and (2) Packaging. Oiroct matorials are added at one beginning of the Elonding procens (dywi) and at the end of the packaging process (cans) Corverion conts are added evenly throughout each process. Data from the month of May for the Blending Department are as fodiois (Cick the icon to vow the data from May.) Road the Requirement 1. Fil-n the time line for the Elending Departinent. wipriphide culuenn.) aiending Department Equivalant Unit Convutabise Month Ended May 34 Requirement 3. Summarize total costs to Bocount for and find the cost per equivalent unit for direct materiais and for conversion coste. (F or untrieit with a So bir appropriate celite). Enter the cost per equivalent unit to two docimal places.) Requirement 3. Summarize total costs to account for and find the cost per equivalent unit for direct materials and for conversion costs. (For antrie: appropriate cell(s). Enter the cost per equivalent unit to two decimal places.) Requirement 4. Assign total costs to units (gallons): (a) Completed and transferred out to the Packaging Department and (b) in the Blending Depart quantiies first, then the cost per equivalent unit amounts in the same order as calculated in the proceding step.) Requireenent 4. Aswign total costs to units (gatons) (a) Completed and transferred out to the Pachaging Department and (b) in the Bsending Departinent anding woik in proceis irentory. Eaher quartifes firnt, then the cost per equivalent sni amounts in the sarse order as caloulatod in the precoding step? packages paint produck. The compory has two depertnentr: (1) Alanding and (2) Packaphe. Dir Data table 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