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Problem Three - Process Costing (Weighted-Average Method) (20 point value) Sweetwater Beverages, Inc. makes blended tropical fruit drinks in two stages. Fruit juices are extracted
Problem Three - Process Costing (Weighted-Average Method) (20 point value) Sweetwater Beverages, Inc. 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 February. Percent Completed Materials Conversion 100% 60% Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 20,000 180,000 145,000 55,000 100% 45% Materials Conversion $25,300 $24,800 $334,700 $226,430 Work in process, beginning Cost added during February Required: Assume that the company uses the weighted average method. A. Determine the equivalent units for February for the Blending Department. B. Compute the costs per equivalent unit for the Blending Department. C. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Bottling Department. D. Prepare a Production Report for February for the Blending Department
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