questions 2a-2c

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 fo June. Percent Completed Materials Conversion 408 708 Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 52,000 273,500 263,500 62,000 75% 258 I Work in process, beginning Cost added during June Materials Conversion $ 17,500 $ 5,300 $ 187,100 $ 111,880 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. Calculate the Blending Department's equivalent units of production for materials and conversion 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 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 310,000 279.000 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 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. (Round your decimal places.) Materials Conversion Cost per equivalent unit $ 0.66 $ 0.42 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 3 Required 4 Required 5 Required 1 Required 2 Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total 6,510 $ 37,200 Jln CASS 30.690 ed 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 2 Required 3 Required 4 Required Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, con total for June. (Round yqur intermediate calculations to 2 decimal places.) Materials Conversion Total $ Cost of units completed and transferred out 173,910 110,670 $ 284,580 Hed Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Blending Department for June. (Round your intermediate calculation places.) ices Blending Department Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units completed and transferred out Total cost accounted for $ 22,800 298,980 $ 321.780 $ 37,200 284,580 $ 321.780 figures. Use these Inventory T-accounts for Sunspot Beverages month of June as directed in the requirements below. WIP-Blending 22800 WIP-Bottling Bal 6/1 I Raw Material Inventory Bal 6/1 120,000 Finished Goods Inventory Bal 6/1 -0- Bal 6/30 98,000 Bal 6/30 -0- Dictate Sensitivity Paste B Styles Styles Pane c) Post the journal entries from b) above to the T-accounts above. Determine the ending balance for WIP-Blending. The ending balance should equal the dollar value in the top row of requirement 3 in your CONNECT problem. Check that it does. Information for Second Department: The requirements below relate to June activity in the SECOND department, (BOTTLING Department, the department AFTER Blending that was analyzed on CONNECT). In the Bottling department, the juice is portioned into bottles and packaged into cartons for shipping. The Bottling department uses Direct Material (the bottles) at the beginning of the process, while other materials and conversion costs are added evenly throughout rest of the process. Hint: You can treat the bottles as a separate cost category from the "other" material. The Bottling department will have a total of 4 cost categories: Bottles, Other Material, Conversion and Blending or Transferred in" costs. The items in beginning Work-in-Process - Bottling Department included $55,000 of Transferred In costs, $111,000 of Bottle Costs, $18,000 of Other Material Costs and $80,500 of conversion costs. The transferred in costs are costs that were incurred during the Blending Process before items were brought to Bottling. These items are "complete" with respect to the Blending process BUT NOT complete with respect to bottling process. You will now analyze the Bottling Department activity for the month of June. The following information pertains to the operations of the Bottling Department for the month of June. I Percent Complete for Bottling Department units Other Material Conversion Work in process, 44,000 50% 40% beginning 52,000 65% 50% ending Work in process, 2 Styles Styles Pane Dictate Sensity Paste 2) Accounting for second department: Answer the following relating to the account WIP-Bottling. a) Using the information provided above, what is beginning balance in the WIP-Bottling account? Include the balance appropriately in the T-account for WIP Bottling below. b) The Bottling Department requisitions bottles and "other material" (raw material) throughout the month from Raw Material Inventory. 1) Assume the cost of the bottles added to the Bottling Department is $2.50 per unit transferred from Blending. Calculate the cost of bottles added to the department. (Bottle Costs - # of units transferred in x $2.50) ii) Assume "Other Material is requisition for the Bottling department was half the material costs added to Blending department (CONNECT) bottling costs from Raw Material Inventory. Calculate the cost of "Other Materials" iii) Write the summary journal entry to record the requisition of direct material (Bottles AND Other Material) for the Bottling department during June. iv) Post the Je to the T-account for WIP-Bottling above. c) Assume Conversion costs added to the Bottling department during June is three times the conversion costs added (3 times) to the Blending department during June (from CONNECT) and consist of 40% direct labor and the rest overhead. Write the summary journal entry to record the added conversion costs to WIP-Bottling. Post the JE to the T account for WIP-Bottling above. Page 3 of 10 2364 words DEX English (United States) Focus 147%