Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please provide all required material for a thumbs up! Sunspot Beverages, Ltd. of Fiji uses the welghted average method in its process costing system. It
please provide all required material for a thumbs up!
Sunspot Beverages, Ltd. of Fiji uses the welghted 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 Porcent Completed Materiala Conversion 708 408 Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 62,000 316,000 306,000 72.000 750 250 Work in process, beginning cost added during June Materials Conversion $ 22,100 $ 7,600 $ 237,100 $ 160,080 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 Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's equivalent units of production for materials and conversion in June. Materials Conversion Equivalent units of production Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Required Required 2 Required 3 Required 4 Required 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 Conversion Total Cost of ending work in process inventory Required 1 Required 2 Required 3 Required 4 Required 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) Materials Conversion Total Cost of units completed and transferred out Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Blending Department for June (Round your intermediate calculations to 2 decimal places.) Blonding Department Cost Reconciliation Conts to be accounted for Total cost to be accounted for Costs accounted for as follows: Total cost accounted for Step 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