Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve Sunspot Beverages, Lid., of Fiji uses the weighted-average method In its process costing system. It makes blended tropical fruit drinks In two stages.

please solve

image text in transcribed
Sunspot Beverages, Lid., 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 182,680 Started into production 486, 080 Required 1 Required 2 Required 3 Required 4 Required 5 Completed and transferred out 476, 080 Work in process, ending 112, 020 75% 25% 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 Materials Conversion Cost of units completed and transferred out Work in process, beginning 42, 500 15, 609 Cost added during June $ 455,980 $ 332,160 Required 1 Required 2 Required 3 Required 4 Required 5 Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion In June. Prepare a cost reconciliation report for the Blending Department for June. (Round your intermediate calculations to 2 decimal 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion In June. places.) 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 Blending Department for June. 5. Prepare a cost reconciliation report for the Blending Department for June. Cost Reconciliation Costs to be accounted for: Complete this question by entering your answers in the tabs below. Total cost to be accounted for Required 1 Required 2 Required 3 Required 4 Required 5 Costs accounted for as follows Calculate the Blending Department's equivalent units of production for materials and conversion in June. Total cost accounted for 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 1 Required 2 Required 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

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

Microeconomics and Behavior

Authors: Robert Frank

9th edition

9780077723750, 78021693, 77723759, 978-0078021695

Students also viewed these Accounting questions

Question

How many applicants are you interviewing?

Answered: 1 week ago