question 5-15

+. COmpute the Grlnding Departents cost or materials, conversion, and in total for May -3, LO5-4, PROBLEM 5-15 05-5 Comprehensive Problem-Weighted-Average Method L05-2, LO5 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 Units Materials Conversion Work in process, beginning 20,000 100% 75% 160,000 Completed and transferred out. .. . Work in process, ending .. 40,000 100% 25% Materials Conversion $25,200 $24,800 $334,800 $238,700 Work in process, beginning Cost added during June . . . . . . Required 1. Blending Department's equivalent units of production for materials and conversion in June. Department's cost per equivalent unit for materials and conversion in June Calculate the Blending Department's cost of ending and in total for June. work in process inventory for materials, conversion, 3. Process Costing 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. PROBLEM 5-16 Comprehensive Problem-Weighted-Average Method LO5-2, LO5-3, LO5-4, LO5-5 Builder Products, Inc, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete . . . . Pounds started into production during May.... . . . 10,000 100,000