need help solving the questions below b)c)d) and 5)

info needed to solve and t account to be posted to

b) Assume the Finished Goods Inventory was zero at the beginning of June and zero at the end of Junc. How many units did they sell during June? c) If Sunspot Beverages, Ltd. sold cach unit for $12.00 what would their sales revenue be? Write the journal entry to record the sales revenue for June. d) How much is their expense (COGS)? Write the journal entry to record the COGS for June. Post this entry to the Finished Goods account attached at the end of the project. 5) Raw Material: The company uses no indirect material and the Raw Material Inventory began the month with $120,000 and ending the month with $98,000. How much raw material inventory did the company purchase during June? Write the summary journal entry to record the purchase. Post the journal entry to the T-account provided at the end of the attachment. estion from HW3: (Ch 5 & 14) for Sunspot Beverages to complete the requirements for the project. Remember that Sunspot Beverages., Lid of Fiji makes blended tropical fruit drinks in TWO stages (using TWO departments and TWO Work-in-Process inventory accounts) Fruit juices are extracted from fresh fruits and blended in the BLENDING Department. Once the product leaves the Blending Department, costs are transferred out of WIP-Blending and into WIP-Bottling. The Blending Department was analyzed in Question 7 of HW3 on CONNECT. Highlighted amounts provided as check figures. Use these Inventory T-accounts for Sunspot Beverages month of June as directed in the requirements below. WIP-Blending WIP-Bottling Bulb/1 $25.000 |8314, 160 WIP WAP Burling Material $205,300 Bixho 314.160 Labor $561151 overlead $68.629 Pixel 630 6407420 Finished Goods Inventory Bal 6/1 -0- Raw Material Inventory Bal 6/1 120,000 Ja05300 WIP Purchase $183,300 Blady Bal 6/30 98,000 Bal 6/30 -0- 1) Accounting for first department: For the BLENDING Department: a) Use the information given" in CONNECT and include the June beginning account balance for WIP-Blending in the T account above. b) Use the "given information and your "results from CONNECT to write the journal entries for the following transactions as the relate to the account WP-Blending during June. i) Direct Material requested and added to the Blending department during June. WIP Bleiding DR CR Raw Material inventory 205,00 205,300 ii) Assume 45% of the Conversion costs are direct labor. Write the journal entry to record the wages for June in the Blending Department DR $56.151 WIP blendry Factory Payral/ wages pudle (R56151 3) Process costing of second department: Follow the steps below to perform the costing analysis for the Bottling department. Refer to VPW 3 Packet for examples on how to complete the tables. a) Step 1 part 1: Account for physical units. Complete the tables below using ***NUMBER ### of units, NOT dollars!!!!!! Physical units for BOTTLING Units in Bottling June 1 44.000 Units completed and transferred 272/500 out during June Units transferred in from 12801500 Blending during June Units in Bottling June 30 52,000 Units to account for 324/ DO Units "accounted for" Note: the 3 row should be the first 2 rows added together. The units to account for" should equal the units "accounted for b) Step 1 part 2: Determine equivalent units. This is #WWWNUMBERW of units, NOT dollars!!! For each of the 4 cost categories for Bottling Department, complete the table below to determine the equivalent units. Hint: All units completed and transferred to Finished Goods" and units in "ending WIP-Bottling inventory" are 100% complete with respect to transferred in" costs (costs from Blending department) and bottle costs. Equivalent Units (ACCOUNTED FOR) Transferred in Other Materials (Blending costs) Bortles 52,000 52/000 33.800 Conversion 26/000 Equivalent units in ending WIP- Bottling inventory Equivalent units completed and transferred to Finished Goods" 272/500 272500 272/500 272/500 Total Equivalent units accounted for 324,500 3a4/500 306,300 298,500 Note: The 3 row should be the first two rows added together. The 3 row for "Other" and Conversion WILL NOT equal the other columns in this table, nor will they equal the 3 row in the table for step 1 in a) above. e. c) Step 3: Allocate costs to units. Multiply the Cost per Equivalent for each cost category in step 4 time the equivalent units for completed and transferred to Finished Goods and ending Inventory to complete the table below. ROUND YOUR ANSWERS TO NEAREST WHOLE DOLLARS. Add the cost categories together across to the Total Column. Totalcachomto the bottom row costs accounted for". The total in the bottom right box should be the total of the numbers above it AND the total of the numbers to its left. (It may be off a few dollars for rounding). Your answer represents SSSSDOLLARSSSSSS not units. Round your answers to the nearest whole dollar Cosis accounted for in dollar U Other Material Costs Total Transferred in Bandles Comercio WIP -Ending balance 242,244 59,155 130161 13,314 39619 Costs of goods completed and 11,514,665 304,946 5821045 107.338 415,236 transferred out Total Costs accounted for [11756,914 369, 151 812,256 120-652 454,855 Note: The total "costs accounted for in the bottom row should equal (off few Ss for rounding the totals "costs to account for in the bottom row of the table in step 4) Sale of Finished Goods: Accounting for the analysis. As units are completed in the Bottling department, they are moved to Finished Goods Inventory where they are ready to be sold. The analysis above determines the dollar value of those completed units. a) Write the journal entry to move these costs from WIP-Bottling Inventory account to Finished Goods Inventory account. Post the Je to the WIP-Bottling and Finished Goods T-accounts attached at the end of the project. Determine the ending balance for WIP-Bottling account. Balance should cqual first row from table in 3e. Finbled goods inventory WIP- Bottling DR 1514,665 CR 1,514,665 WIP-Bottury Bulbol 264,500 1,514,665 Finished 9000 Einsted goods Bul bllo WIP bolting, sl 4465 WIP Bfending 314,160 Bottles 701,250 otter matoul 102.650 conversion 374,340 Bal +130 242, 235 Bell 6/30 1514.605 6