You Can Paint Too 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 journal 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 X x Date Accounts Debit Credit Data table Gallons: Beginning work in process inventory Started production Completed and transferred out to Packaging in August Ending work in process Inventory (40% of the way through the blending process) .............. Costs: 0 10,000 gallons 7,000 gallons 3,000 gallons Beginning work in process inventory Coats added during August: Direct materials (dyes) Direct labor Manufacturing overhead Total costs added during August 1'1 6.200 1,050 2,148 9.398 Help me solve this Video Get more help. Check answer cess (dyes) and at the end of the packaging process You Can Paint Too prepares and packages paint prod (cans). Conversion costs are added evenly throughou (Click the icon to view the data from August.) - X Reference Read the requirements, You Can Paint Too Blending Department Assigning Costs entry to record the costs of the gallons completed and Requirement 1. Prepare the journal entry to record in transferred out to the Packaging Department. Assume Begin by preparing the journal entry to record the cost Direct Conversion Costs Materials Total Journal Entre . a. Completed and transferred out: Equivalent units completed and transferred out Date 7.000 Accounts 7,000 0.39 S 0.62 $ S 4.340 $ 2,730 $ 7,070 Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out b. Ending work in proce55: 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 3,000 0.62 $ 1,200 0.39 $ $ 1,860 $ 488 2,328 $ $ 9,398 Print Done Help me solve this Video Get more help. Clear all Check answer You Can Paint Too 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 journal entry to record the use of direct matorials 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 credils. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Requirements 1. Prepare the journal entry to record the use of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, give the joumal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume the wages are unpaid. 2. Post the journal entries to the Work in Process Inventory-Blending" T-account. What is the onding balance? Print Done Help me solve this Video Get more help Clear all Check