FlushIt manufactures athletic sports drinks. Their production process occurs in two phases: The mixing department and the bottling department. The weighted average costing method of process costing is being used. The following information is available for the bottling department:

Current account balances as per GL $($unadjusted $-$ these may be incorrect$)$:

Units Costs

Work in process, ending balance January $3142,000$ $$168,000$

Opening WIP: materials $100\%$ complete, conversion $40\%$ complete

Finished goods, January $3150,000$ $$300,000$

Additional more detailed cost record information:

Units Costs

Materials Conversion

Work in process, opening balance, Jan $118,000$ $$23,000$ $$62,000$

$($materials $80\%$ complete, conversion $60\%$ complete$)$

Started into production $86,000$

Costs added during the month $$220,000$ $$180,000$

Units completed during the month $64,000$

There were no finished goods inventories on January $1.$

Required:

A$.$ Based on the additional detailed cost record information shown above and using the table below,

calculate the correct amount of cost that should be assigned to the ending work in process and finished goods inventories

Note: Please round your cost per EUP to two places after the decimal point!

B$.$ Compare the current GL balances for WIP and FG inventories with the correct account balances

that you calculated in part $($A$)$ above. Post the necessary adjusting entry to correct the GL$.$

Please note: You must show all calculations below, using the below table, and using Excel as calculator, using any applicable formulas.

Simply typing a $$-$amount as final answer without demonstrating calculation steps taken to get to the answer will result in a mark of zero.

Simply copy$/$pasting a solution from an AI tool without explicitly showing how the answer was obtained or simply listing out

generic formulas will result in a mark of zero.