(Solved by Humans)-Process cost systemBellanca Corporation makes a health beverage named Bellanca that is man

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Process cost systemBellanca Corporation makes a health beverage named Bellanca that is manufactured in a two-stage production process. The drink is first created in the Conversion Department where material ingredients (natural juices, supplements, preservatives, etc.) are combined. On July 1, 2006, the company had a sufficient quantity of partially completed beverage mix in the Conversion Department to make 50,000 containers of Bellanca. This beginning inventory had a cost of $30,000. During July, the company added ingredients necessary to make 200,000 containers of Bellanca. The cost of these ingredients was $154,000. During July, liquid mix representing 225,000 containers of the beverage was transferred to the Finishing Department. The beverage mix is poured into containers and packaged for shipment in the Finishing Department. Beverage that remained in the Conversion Department at the end of July was20 percent complete. At the beginning of July the Finishing Department had 20,000 containers of beverage mix. The cost of this mix was $24,000. The department added $44,050 of manufacturing costs (materials, labor and overhead) during July. During July 219,000 containers of Bellanca were completed.The ending inventory for this department was 25 percent complete at the end of July.Requireda. Prepare a Cost of Production Report for the Conversion Department for July.b. Prepare a Cost of Production Report for the Finishing Department for July.c. If 218,000 containers of Bellanca are sold in July for $327,000, determine the company’s gross margin for July.