Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please I need help with these question. Sunspot Beverages, Ltd_, of Fiji makes blended tropical fruit drinks in two stages- Fruit juices are extracted from

image text in transcribedimage text in transcribed

Please I need help with these question.

image text in transcribedimage text in transcribedimage text in transcribed
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. Percent Completed Units Materials Conversion W?\" !" process\" 20,000 100% 25% beg I n n I ng Started into production 180,000 Completed and transferred out 160,000 Work in process, ending 40,000 100% 25% Materials Conversion $25,200 $ 24,800 334,800 Work in process, beginning Cost added during June 3; $238,?00 Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system. Required: 1- Determine the equivalent units for June for the Blending Department- Equivalent units of production __ 2. Compute the costs per equivalent unit for June for the Blending Department. [Round your answers to 2 decimal places.) 3- Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Blending Department in June. Cost of ending work in process inventory.r _ Cost of units transfened out _ 4- Prepare a coat reconciliation report for the Blending Department for June- Costs to be accounted for _ Total cost to be accounted for m Costa accounted for as fDIIOWSI _ Total cost accounted for m

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Financial ACCT2

Authors: Norman H. Godwin, C. Wayne Alderman

2nd edition

9781285632544, 1111530769, 1285632540, 978-1111530761

Students also viewed these Accounting questions

Question

Did the researcher use triangulation?

Answered: 1 week ago