Question: Please complete #1 based on the graph (this is question 7) ACC 1820 Project 3 (Ch 4, 13) Name Use Question 7 from HWS for
ACC 1820 Project 3 (Ch 4, 13) Name Use Question 7 from HWS for Sunspot Beverages to complete the requirements for the project. Remember that Sunspot Beverages., Ltd 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. The Blending Department was analyzed in Question 7 ofthe Hws on CONNECT B?iliiliaa amounts provided as check figures. l) (7 points) For the BLENDING Department a) Use the information "given" in CONNECT and determine the account balance of the account WIP-Blending at the beginning of June? b) Use the "given information and your "resuls" from CONNECT to write the journal entries for the following transactions as the relate to the account WP-Blending during June i Direet Material requested and added to the department during Junc. ii) Assume 45% of the wages for Junc in the Blending Department. are direct labor. Write the journal entry to record the ii) Write the journal entry to record the overhead applied to the Blending Department for June. Remember-Conversion costs are direct labor and overhead iv) Write the joumal entry to record the costs for the items completed and transferred out of Blending Department and moved/added to Bottling Department. This JE should DECREASE WIP-Blending account and INCREASE WIP-Bottling account. Post the information from a) an b) above to the T-accounts (Raw Material Inventory and WIP- Blending) provided at the end of the Project. Determine the ending balance. The ending balance should equal the dollar value in the top row of requirement 3 in your CONNECT problem. Check that it does c)
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