Paint My World prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging Direct materials are added at the beginning of the blending process (dyos) 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: (Click the icon to view the data from May.) Read the requirements Requirement 1. Fill in the time line for the Blending Department. Start 30% Complete 100% Complete Transferred out to Packaging 100% complete 6,300 gallons completed and transferred out 2,300 gallons incomplete * 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? Print Done Requirement 1. Fill-in the time line for the Blending Department. Complete 100% complete 2,300 gallons started but not finished 6,300 gallons completed and transferred out 8,600 gallons completed and transferred out Conversion costs added at 30% throughout the process Conversion costs added evenly throughout the process Direct materials (dyes) added Transferred out to Packaging 100% complete Choose from any drop-down list and then click Chen Anna i Data Table Gallons: 0 8,600 gallons Beginning work in process inventory Started production Completed and transferred out to Packaging in May Ending work in process inventory (30% of the way through the blending process) Costs: 6,300 gallons 2,300 gallons $ 0 + Beginning work in process inventory Costs added during May: Direct materials (dyes) Direct labor 5,246 . 700 2,096 Manufacturing overhead S 8,042 Total costs added during May