Requirements al eb 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume labor costs are accrued and not yet paid. 2. Post the journal entries to the Work-in-Process Inventory-Blending T-account. What is the ending balance? 3. What is the average cost per gallon transferred out of the Blending Department into the Packaging Department? Why would the company managers want to know this cost? Done Print i Data Table Gallons O gallons Beginning Work-in-Process Inventory 9,500 gallons Started in production 6,000 gallons Completed and transferred out to Packaging in May 3,500 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) Costs Beginning Work-in-Process Inventory Costs added during May: 5,700 Direct materials 2,085 Direct labor 2,004 Manufacturing overhead allocated $ 9,789 Total costs added during May Done Print X i Reference You're an Artist Production Cost Report - Blending Department (Partial) Month Ended May 31 Total Conversion Direct Materials Costs Costs COSTS Costs to account for O $ O $ 0 Beginning work-in-process 4,089 5,700 9,789 Costs added during the period 9,789 5,700 4,089 Total costs to account for 9,500 7,050 Divided by: Total EUP $ 0.60 $ 0.58 Cost per equivalent unit Costs accounted for: $ 7,080 3,600 $ 3,480 $ Completed and transferred out 2,100 2,709 609 Ending work-in-process $ 5,700 S 4,089 $ 9,789 Total costs accounted for Print Done Date Accounts Debit Credit May 31 Manufacturing Overhead Raw Materials Inventory Wages Payable Work-in-Process Inventory Blending Work-in-Process Inventory-Packaging