Refer to the data for the Blending Department of Sunspots Beverages, Ltd., in Problem 4-15. Assume that
Question:
Refer to the data for the Blending Department of Sunspots Beverages, Ltd., in Problem 4-15. Assume that the company uses the FIFO method in its process costing system.
Data in problem 4-15,
Required:
1. Compute the Blending Department's equivalent units of production for materials and conversion for June.
2. Compute the Blending Department's cost per equivalent unit for materials and conversion for June.
3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June.
4. Calculate the Blending Department's cost of units transferred out to the next department for materials, conversion, and in total for June
5. Prepare a cost reconciliation report for the Blending Department for June.
Step by Step Answer:
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer