Step-by-Step Painting prepares and packages paint products. Step-by-Step Painting 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). Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Step-by-Step Painting completed the following production cost report for its Blending Department for the month of May: (Click the icon to view the assignment fcosts.) Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Read the requirements K Requirement 1. Prepare the journal entries to record the assignment 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. (Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling carefully and do not abbreviate.) Begin with the journal entry to record the assignment of direct materials to the Blending Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps. Date May 31 Accounts Debit Credit Prepare the journal entry to record the assignment of direct labor to the Blending Department. Assume labor costs are accrued and not yet paid. Date May 31 Accounts Debit Credit Prepare the journal entry for the allocation of manufacturing overhead to the Blending Department. Date May 31 Accounts Debit Credit Next, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Date May 31 Accounts Debit Credit Requirement 2. Post the journal entries to the Work-in-Process Inventory-Blending T-account. What is the ending balance? Post the entries using the appropriate descriptions as posting references. Denote the ending balance as "Bal." Reference COSTS Costs to account for: Step-by-Step Painting Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion Total Materials Costs Costs Beginning work-in-process $ 0 $ 0 $ 0 Costs added during the period 4,950 2,812 7,762 Total costs to account for 4,950 2,812 7,762 9,900 7,030 Divided by: Total EUP EA 0.50 $ 0.40 Cost per equivalent unit Costs accounted for: Completed and transferred out $ 2,900 $ 2,320 $ 5,220 Ending work-in-process Total costs accounted for 2,050 492 2,542 GA 4,950 $ 2,812 $ 7,762 Data table Gallons Beginning Work-in-Process Inventory 0 gallons Started in production 9,900 gallons Completed and transferred out to Packaging in May 5,800 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) 4,100 gallons Costs Beginning Work-in-Process Inventory $ 0 Costs added during May: Direct materials Direct labor Manufacturing overhead allocated Total costs added during May Print Done 4,950 1,912 900 $ 7,762 - Step-by-Step Painting prepares and packages paint products. Step-by-Step Painting 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). Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Step-by-Step Painting completed the following production cost report for its Blending Department for the month of May: (Click the icon to view the assignment fcosts.) Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Read the requirements K Requirement 1. Prepare the journal entries to record the assignment 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. (Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling carefully and do not abbreviate.) Begin with the journal entry to record the assignment of direct materials to the Blending Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps. Date May 31 Accounts Debit Credit Prepare the journal entry to record the assignment of direct labor to the Blending Department. Assume labor costs are accrued and not yet paid. Date May 31 Accounts Debit Credit Prepare the journal entry for the allocation of manufacturing overhead to the Blending Department. Date May 31 Accounts Debit Credit Next, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Date May 31 Accounts Debit Credit Requirement 2. Post the journal entries to the Work-in-Process Inventory-Blending T-account. What is the ending balance? Post the entries using the appropriate descriptions as posting references. Denote the ending balance as "Bal