Paint Packs prepares and packages paint products. Paint Packs 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 ................... Started 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: Direct materials (dyes) Direct labour ....... Manufacturing overhead Total costs added during May 0 8,000 litres 6,000 litres 2,000 litres 4,800 800 1 ,840 7,440 1 . Fill in the time line for the Blending Department. 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 nd the cost per equivalent unit for direct materials and conversion costs. 4. Assign total costs to units (litres): 3. 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 litre transferred out of the Blending Department to the Packaging Department? Why would Paint Packs's managers want to know this cost