Cool Company has two departments: Fermenting and Packaging. Direct materials are added at the beginning of fermenting process. Conversion costs are added evenly throughout the process. Data from theJune for the Fermenting Department (first department) are as follows: Gallons Beginning work in process inventory Started production 0 Completed and transferred out to packaging in 9100 gallons June 7900 gallons Ending work in process inventory (80% of the 1200 gallons way through fermenting process Costs Beginning work in process inventory $0 Cost added duringJune Direct Materials $9.828 Direct Labor $3.500 Manufacturing Overhead $3.588 Requirements: Draw a timeline for the Fermenting department Compute equivalent units for direct materials and for conversion costs. Compute cost per equivalent units Compute total cost of the units completed and transferred out to the Packaging department and ending work in process inventory of the Fermenting department. 5. Prepare thejournal entries to record the assignment of direct materials and direct labor and allocation of manufacturing overhead to the Fermenting department. Also prepare the journal entry to record the cost of gallons completed and transferred out to the Packaging department. 6. Show the Work in process inventory-Fermenting Department T-account. PWNT