The Color World Paint Company 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 August for the Blending Department are as follows: Click the icon to view the data from August.) (Click the icon to view the assignment of costs.) Read the requirements Requirement 1. Prepare the joumal entry to record the use of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, give the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume the wages are unpaid. Begin by preparing the journal entry to record the costs to the Blending Department. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Credit Debit 8,570 Accounts Work in Process Inventory-Blending Raw Materials Inventory Wages Payable Manufacturing Overhead 5,670 800 2,100 Record the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Date Debit Credit Journal Entry Accounts Work in Process Inventory-Packaging Work in Process Inventory-Blending 6,695 6,695 - X Data table Reference 0 The Color World Paint Company Blending Department Assigning Costs Gallons: Beginning work in process Inventory Started production Completed and transferred out to Packaging in August Ending work in process inventory (30% of the way through the blending process) Costs: 9,000 gallons 6,500 gallons Direct Conversion Costs Materials Total 2.500 gallons a 0 8,500 0.63 $ 6,500 0.40 $ $ 4,095 $ 2,600 S 6,695 5,670 Beginning work in process inventory Costs added during August: Direct materials (dyes) Direct labor. Manufacturing overhead Total costs added during August Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out b. Ending work in process: : Equivalent units in ending work in process, August 31 Multiplied by: Cost per equivalent unit Costs assigned to units in ending work in process, August 31 Total costs accounted for 800 2,100 2,500 750 $ 0.63 $ 0.40 8,570 1,575 $ $ 1,875 300 S 8,570 Print Done Print Done Requirement 2. Post the journal entries to the Work in Process InventoryBlending T-account and calculate the ending balance. (For entries with a $0 balance, make sure to enter "0" in the appropriate input field.) Work in Process Inventory-Blending Bal August 1