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need help solving 1) a) b) and c) and posting the inventory t-accounts using the following info provided Sunspot Beverages, Ltd., of Fiji uses the
need help solving 1) a) b) and c) and posting the inventory t-accounts using the following info provided
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 Materials Conversion 700 408 Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 56,000 290,500 280,500 66,000 753 250 Work in process, beginning Cost added during June Materials Conversion $ 19,100 $ 5,900 $ 205,300 $ 124,780 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. partment's cost of ending work in process inventory for mate 4. Calculate the Blending Department's cost of units transferred out to the Bottling Depar for June. 5. Prepare a cost reconciliation report for the Blending Department for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's equivalent units of production for materials and conver Materials 330,000 Conversion 297,000 Equivalent units of production Required 1 Required 2 > tion for materials and c 2. Calculate the Blending Department's cost per equivalent unit for materials and conver 3. Calculate the Blending Department's cost of ending work in process inventory for mat 4. Calculate the Blending Department's cost of units transferred out to the Bottling Depan for June. 5. Prepare a cost reconciliation report for the Blending Department for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost per equivalent unit for materials and conversion in decimal places.) Materials Conversion $ 0.44 Cost per equivalent unit $ 0.68 Step by Step Solution
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