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Please help, will give highest rating and thumbs up when complete and correct! Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process
Please help, will give highest rating and thumbs up when complete and correct!
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 Started into production Completed and transferred out Work in process, ending 94,000 452,000 442,000 104,000 70% 40% 75% 25% Materials Conversion $ 37,700 13,700 $404,300 290,500 Work in process, beginning Cost added during June 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 Complete this question by entering your answers in the tabs below. Required1Required 2Required 3 Required 4Required 5 Calculate the Blending Department's equivalent units of production for materials and conversion in June Materials Conversion Equivalent units of production Required1 Required 2> Complete this question by entering your answers in the tabs below. Required 1Required 2 E Required 3 Required 4 Required 5 decimal places.) Materials Conversion Cost per equivalent unit K Required 1 Required 3> Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Required 4Required 5 Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June (Round your intermediate calculations to 2 decimal places.) Materials conversio Total Cost of ending work in process inventory K Required 2 Required 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4Required 5 Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June. (Round your intermediate calculations to 2 decimal places.) Total Materials Conversion Cost of units completed and transferred out Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4Required 5 Prepare a cost reconciliation report for the Blending Department for June. (Round your intermediate calculations to 2 decimal places.) Blending Department Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for K Required 4 Required 5Step by Step Solution
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