Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Problem 4-15 (Algo) Comprehensive Problem-Weighted-Average Method (L04-2, LO4-3, LO4-4, LO4-5) Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It
Problem 4-15 (Algo) Comprehensive Problem-Weighted-Average Method (L04-2, LO4-3, LO4-4, LO4-5) 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 70% 40% Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 98,000 469,000 459,000 108,000 75% 25% Work in process, beginning Cost added during June Materials Conversion $ 40,100 $ 14,600 $ 429,700 $ 311,020 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. Required 1 Required Required 3 Required 4 Required 5 Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's equivalent units of production for materials and conv Conversion Materials 540,000 Equivalent units of production Required 1 Required 2 >
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66953cd40a173_46766953cd384e21.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66953cd4a62f5_46866953cd43ebd8.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
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](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started