Paints by Lucy prepares and packages paint products. The compary has two departments. (1) Blending Packaging. Direct materials are added at the beginring of the blending process (dyes) and at the end of the May for the Blending Department are as follows: EEB (Click the icon to view the data from May.) Read the requirements. Conversion costs are added evenly throughout each process. Data from the month of Requirement 1. Fill-in the time line for the Blending Department. Complete Start Complete on ? Choose from any list or enter any number in the input fields and then continue to the next question. nc. 1Data Table of Gallons Beginning work in process inventory Started production Completed and transferred out to 0 9,000 gallons Packaging in May 6,500 gallons Ending work in process inventory (30% of the way through the blending process) 2,500 gallons Costs: Beginning work in process inventory Costs added during May: Direct materials (dyes) Direct labor H5,670 800 Print Done b,500 gallons Ending work in process inventory (30% of the way through the blending process) 2,500 gallons Costs: Beginning work in process inventory Costs added during May: Direct materials (dyes) Direct labor Manufacturing overhead 5,670 800 2,100 $ 8,570 Total costs added during May Print Done 3 S.The compaty has two ments: (1) Blen 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 the next qu from any list or enter any number in the input fields and then continue to and packages paint products. The company has two departments: (1) Blending and (2) Packaging. D throughout each process. Data from the month of May for the Blending D process (cans). Conversion costs are added evenly EB (Click the icon to view the data from May) Read the requirements Requirement 1. Fillin the time line for the Blending Department Complete Complete Start Choose from any list or enter any number in the input fields and then contnue to the next question. Read the requirements. Requirement 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 "O" in the appropriate column.) Blending Department Equivalent Unit Computation Month Ended May 31 Flow of Equivalent Units Direct Conversion Costs Physical Flow of Production UnitsMaterials Units to account for: Choose from any list or enter any number in the input fields and then continue to the next question AR74 Read the requirements Units to account for: Units accounted for: Choose from any list or enter any number in the input fields and then continue to the next q AR 3 Total equivalent units 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 S0 balance, make sure to enter "or 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 Choose from any list or enter any number in the input fields and then continue to the next question. EEB (Click the icon to view the data from May.) Read the requirements Direct Conversion Materials Costs Total Cost per equivalent unit Requirement 4. Assign total costs to units (gallons): (a) Completed and transferred out to the Packagi Choose from any list or enter any number in the input fields and then continue to the next ques t and (h) In the Rlendinn Denartment endinn wnrk in nrocess inventorv (Fnter auantities first AR Read the requirements. ent 4. Assign total costs to units (gallons): (a) Completed and transferred out to the Packaging tment and (b) In the Blending Department endin g work in process inventory. (Enter quantities first, th preceding step.) cost per equivalent unit amounts in the same order as calculated in the Blending Department Month Ended May 31 Assigning Costs Direct Conversion Materials Costs To a. Completed and transferred out: Choose from any list or enter any number in the input fields and then continue to the next questio Read the requir Assigning Costs Materials Costs Total a. Completed and transferred out: b. Ending work in process Choose from any list or enter any number in the input fields and then continue to the next que hodgrout each process. Data from the month of EEE (Click the icon to view the data from May) Read the requirements. b. Ending work in process: Total costs accounted for Requirement 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? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost ner nallon transferred out of the Rlendina Denartment to the Packanina Denartment (Round vour answer to twr on Choose from any list or enter any number in the input fields and then continue to the next question.? AR741 Total costs accounted for Requirement 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? First, identify the labels to compute the average cost per gallon transferred out, then compute the average c per gallon transferred out of the Blending Department to the Packaging Department. (Round your answer to t decimal places.) Average - per gall hoose from any list or enter any number in the input fields and then continue to the next question 0 Why would Paints by Lucy's managers want to know this cost? Managers will want to know this cost to compare it to their v. They may also use the d on cost information when Choose from any list or enter any number in the input fields and then continue to the next question2 n Inc