Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help pleaseeee 8 Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It makes blended tropical fruit drinks in

help pleaseeee image text in transcribed
8 Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It 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. Percent completed Units Materials Conversion Work in process, beginning 78,000 701 401 Started into production 384,000 Completed and transferred out 374,000 Work in process, ending 89.000 750 250 00:43:40 Work in process, beginning cost added during June Materials Conversion $ 30, 400 $ 10,000 $ 326.000 $ 230.760 Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in 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 Bottling Department for materials, conversion and in total for June 5. Prepare a cost reconciliation report for the Blending Department for June ME GW

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Controllers Toolkit

Authors: Christine H. Doxey

1st Edition

1119700647, 9781119700647

More Books

Students also viewed these Accounting questions