Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its pro drinks in two stages. Fruit juices are extracted from fresh fruits and

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its pro drinks in two stages. Fruit juices are extracted from fresh fruits and then blended then bottled and packed for shipping in the Bottling Department. The following in Department for June. Percent Completed Units Materials Conversion Work in process, beginning 46,000 70% 40% Started into production 248,000 Completed and transferred out 238,000 Work in process, ending 56,000 75% 25% Materials Work in process, beginning $ 15,100 Conversion $ 4,400 Cost added during June $ 161,300 $ 93,880 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. Equivalent units of production Materials Conversion Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost per equivalent unit for materials and decimal places.) Materials Conversion Cost per equivalent unit Required 1 Required 2 Required 3 Required 4 Required 5 5 Calculate the Blending Department's cost of ending work in process inventory for materials, conv (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory < Required 2 Required 4 > Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost of units transferred out to the Bottling Department for mater total for June. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out < Required 3 Required 5 > ces Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Blending Department for June. (Round your in places.) Costs to be accounted for Blending Department Cost Reconciliation Total cost to be accounted for Costs accounted for as follows: Total cost accounted for < Required 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

Write each fraction as a percent. 7 50

Answered: 1 week ago

Question

3-1. Give an example of hierarchical planning in an organization.

Answered: 1 week ago