Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunspot Beverages, Limited, of Fiji uses the weightedaverage method in its process costing system. it makes blended tropical fruit drinks in two stages. Fruitjuices are

image text in transcribed
Sunspot Beverages, Limited, of Fiji uses the weightedaverage method in its process costing system. it makes blended tropical fruit drinks in two stages. Fruitjuices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottied and packed for shipping in the Bottling Department. The following information pertains to the operations ofthe Blending Department for June. Percent Completed Units Materials Conversion work in process, beginning 58,886 78% 46% Started into production 265,886 Completed and transferred out 255,886 mark in process, ending 68,886 75% 25% Materials Conversion work in process, beginning $ 16,688 $ 5,866 Cost added during June $ 178,488 $ 185,?66 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 inventor}.r for materials, conversion, and in total for June. 4. Calcuiate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion. and in totai 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. Equivalent units of production

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

Accounting, The Financial Chapters

Authors: Tracie Miller Nobles

12th Edition

013449041X, 9780134490410

More Books

Students also viewed these Accounting questions

Question

Prove the statement using the , definition of a limit. x2 2x 8 lim

Answered: 1 week ago

Question

=+What is Pats minimin choice?

Answered: 1 week ago

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago