Please answer Question #6 with the following information included. The written out answers are te answers to questions 4 and 5. THANK YOU! Please show work. Please note #6 also has a D. Included in page.

6) (8 points) Use Chapter 13 concepts for this requirement. For Sunspot Beverages; a) What is the value of Inventory they would record on their Balance Sheet at the beginning of June? ___________________ At the end of June? _________________ Remember, Inventory on the balance sheet includes ALL inventory accounts. b) What is their average inventory for June? c) Use the formula to calculate the following: Gross Margin percentage: ______________ Inventory turnover: ______________ Average sales period for June. ______________ Note: Remember you are calculating ratios for a month not a year. You will need to annualize your turnover (multiply by 12 months) and use 30 days rather than 365 days for your sales period. d) Assume the industry leader has an inventory Turnover of 84.9 and average sales period of 4.3 days. How does Sunspot Beverages compare to the industry leader? Your answer and comment should be 20 to 50 words.

Use Question 7 from HWS for Sunspot Beverages to complete the requirements for the project. Remember that TWO departments and TWO Work-in-Process inventory accounts). Fruit juices are extracted from fresh fruits and blended in the BLENDING Department. of the HWS on CONNECT Sunspot Beverages., Ltd of Fiji makes blended tropical fruit drinks in TWO stages (using The Blending Department was analyzed in Question 7 amounts provided as check figures. (7points) For the BLENDING Department: a) Use the information "given" in CONNECT and determine the account ba?ance of the account 1) WIP-Blending at the beginning of June? Accank batare n WP-blending ar ie besoe se 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 department during June. WIP Blend n? 1451c0 aw make 1451Co i) Assume 45% of the wages for June in the Blending Department. mare direct labor. Write the journalentry to record the 3186 3 196 586 i) 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 journal 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. e berd 783%0 Use Question 7 from HWS for Sunspot Beverages to complete the requirements for the project. Remember that TWO departments and TWO Work-in-Process inventory accounts). Fruit juices are extracted from fresh fruits and blended in the BLENDING Department. of the HWS on CONNECT Sunspot Beverages., Ltd of Fiji makes blended tropical fruit drinks in TWO stages (using The Blending Department was analyzed in Question 7 amounts provided as check figures. (7points) For the BLENDING Department: a) Use the information "given" in CONNECT and determine the account ba?ance of the account 1) WIP-Blending at the beginning of June? Accank batare n WP-blending ar ie besoe se 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 department during June. WIP Blend n? 1451c0 aw make 1451Co i) Assume 45% of the wages for June in the Blending Department. mare direct labor. Write the journalentry to record the 3186 3 196 586 i) 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 journal 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. e berd 783%0