Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunspot Beverages, Limited, of Fill uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sunspot Beverages, Limited, of Fill 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. 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. Calculate the Blending Department's equivalent units of production for materials and conversion in June. Problem 4-15 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Sunspot Beverages, Limited, of Fy uses the weighted-everage method in its process costing system it makes biended tropical frut dikiks in two stagos. Fruit juices are cextracted from fresh fruits and then blended in the 8lending Department The blended juices are then bottied and packed for shipping in the Botling Department. The following informalion pertains to the opprations of tive tiliendiro Deportment for Jine. Required: 1. Calculate the Blending Departments equivaient units of production for materials and conversion in Jure 2. Calculate the Blending Deportment's cost per equivalent unt for mocerials and coeversion in June. 3. Calculate the alending Department's cost of ending work in process inventory for meserials, coetversion, and in totai for Juine for June 5. Prepare a cost reconcllietion report for the alending Depontnent for fune. Complete this question by eatering your answers in the tabs below. (fiound your intermediate calcilations to 2 deomal places.) Problem 4-15 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO 4-3, LO4-4, LO4-5] Sunspot Beverages, Limited, 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. 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. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June. (Round your intermediate calculations to 2 decimal places.) Sunspot Beverages, Limited, 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 Biending 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. 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. Caiculate 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. Prepare a cost reconciliotion report for the Blending Department for June. (Round yout intermediate calculations to 2 decimat places.) Problem 4-15 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Sunspot Beverages, Limited, of Fiji uses the weighted-avorage method in its process costing system. It makes blended tropical fruit drinks in two stages. Frult julces are extracted from fresh fruits and then biended 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. Required: 1. Calculate the Blending Departments equivalent units of production for materlals 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 Biending Department for June. Complete this question by entering your answers in the tabs below. Calculate the Blending Department's cost per equivalent unit for materisls and conversion in June. (feoune your answers to ? ifecinal places.)

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

The Basics Of Quality Auditing

Authors: Ronald Blank

1st Edition

1138438863, 9781138438866

More Books

Students also viewed these Accounting questions

Question

5. Understand how cultural values influence conflict behavior.

Answered: 1 week ago

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago