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Maps News M Gmail zoon.us C My Devices | Che.. Settings - Security t 1090 - Prof. Edwards - Late Start Fall 2020 Rawa Jakkou & | 10/26/20 2:27 PM mework: Week Four: Chapter 3 (managerial) Homework Exercis e: 0 of 2 pts Save 4 of 5 (3 complete) 3-22 (simil HW Score: 41.67%, 2.92 of 7 pts i Requirements X Paint prepares Reference X rials are added a rect Crat from the month Click the icon to 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Con Crafty Paint Department. Also, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume labor Read Production Cost Report - Blending Department (Partial) irement 1. Prep costs are accrued and not yet paid. Month Ended May 31 leted and transf 2. Post the journal entries to the Work-in-Process Inventory-Blending pcation of ma Direct Total T-account. What is the ending balance? cord debits fir Conversion 3. What is the average cost per gallon transferred out of the Blending Department COSTS Materials Costs with the journal Costs following steps. into the Packaging Department? Why would the company managers want to the assignme Costs to account for: know this cost? X Beginning work-in-process $ 0 S Date O Costs added during the period 4,620 4.048 8.668 lay 31 Print Done Total costs to account for 4.620 4.048 8,668 5,060 Gallons Divided by: Total EUP 6.600 Beginning Work-in-Process Inventory 0 gallons Cost per equivalent unit 0.70 $ 0.80 Started in production 6,600 gallons Costs accounted for: Completed and transferred out to Packaging in May 4,400 gallons Completed and transferred out 3,080 $ 3,520 $ 6,600 Ending Work-in-Process Inventory (30% of the way Ending work-in-process 1,540 528 2,068 through the blending process ) 2,200 gallons Costs Total costs accounted for 4,620 $ 4,048 $ 8,668 Beginning Work-in-Process Inventory C Costs added during May: Print Done Direct materials 4.620 from any list or enter any Direct labor 2,500 Manufacturing overhead allocated 1,548 Check Answer aining 8,668 Total costs added during May