Paints by Lucy 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 (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:

aints by Lucy 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 (dyes) and at the end of the packaging ocess (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.) Lead the requirements. i Requirements tment. 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 Fi i Data Table Du Gallons 0 mel 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 9.700 gallons 6,800 gallons 2,900 gallons S 0 Beginning work in process inventory Costs added during May Direct materials (dyes) Direct labor 5.820 1,000 Manufacturing overhead 1.301 Total costs added during May $ 8,121 elds Print Done Requirement 1. Fill-in the time line for the Blending Department. Start Complete Complete Choose from any list or enter any number in the input fields and then continue to the next question quirement 2. Summarize the physical flow of units and compute total equivalent units for direct materials and for conversion costs (For entries with a 0 balance, make sure to enter "0" in the appropriate column) Blending Department Equivalent Unit Computation Month Ended May 31 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Jnits to account for: Choose from any list or enter any number in the input fields and then continue to the next question Units accounted for: Total equivalent units Requirement 3. Summarize total costs to count Requirement 3. Summarize total costs to account for and find the cost per equivalent unit for direct materials and for conversion costs. (For entries with a 50 balance make sure to enter in the appropriate cell(s) Enter the cost per equivalent unit to two decimal places.) Blending Department Cost per Equivalent Unit Month Ended May 31 Direct Conversion Materials Costs Total V net nor anuivalent unit ement 4. Assign total costs to units (gallons): (a) Completed and transferred out to the Packaging Department and (b) In the Blending Department ending work in process inventory (Enter quantities first, then the cost per ent unit amounts in the same order as calculated in the preceding step.) Blending Department Month Ended May 31 Assigning Costs Direct Conversion Materials Costs Total Completed and transferred out: Why would Paints by Lucy's managers want to know this cost? Managers will want to know this cost to compare it to their They may also use the cost information when Choose from any list or enter any number in the input fields and then continue to the next