Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help me answer accounting question Sunspot Beverages. Ltd., of Fiji makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits
Help me answer accounting question
Sunspot Beverages. Ltd., of Fiji makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. Units Materials Conversion 20.000 100% Work in process, beginning 75% Started into production 180,000 Completed and transferred out 160,000 Work in process, ending 40,000 100% 25% Materials Conversion Work in process, beginning 25,200 24,800 Cost added during June 334,800 238,700 Req Assume that the company uses the weighted-average method. 1. Determine the equivalent units for June for the Blending Department. Materials Conversion Equivalent units of production 2. C the costs per equivalent unit for the Blending Department. (Round your answers to 2 decimal places aterials Conversion Cost per equivalent unit 3. D to the Bottling Department. Cost of ending work in process inventory Cost of units completed and transferred out 4. Prepare a cost reconciliation report for the Blending Department for June. Blending Department Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted forStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started