Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunspot Beverages, Ltd. of Fiji makes blended tropical fruit drinks in two stages. Fruit Juices are extracted from fresh fruits and then blended in the

image text in transcribed
image text in transcribed
image text in transcribed
Sunspot Beverages, Ltd. of Fiji 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. (The currency in Fuji is the Fijian dollar (FJ$}} Percentage Completed Materiais Conversion 1000 751 Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 18,000 176,000 154,000 40,000 1008 258 Work in process, beginning Cost added during June Materials PJ$ 25,100 285,300 Conversion FJS 25,300 187,900 Required: Prepare a production report for the blending department for June assuming that the company uses the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for Total units Equivalent Units (EU) Materials Conversion Units Units accounted for as follows: Total units and equivalent units of production Costs per Equivalent Unit Materials Conversion Costs per equivalent unit Cost Reconciliation Equivalent Units (EU) Materials Conversion Total Cost Cost accounted for as follows: Work in process, June 30: Total work in process Total cost

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

Cost Accounting Fundamentals Essential Concepts And Examples

Authors: Steven M. Bragg

6th Edition

1642210234, 9781642210231

More Books

Students also viewed these Accounting questions

Question

Did you print a proof to view color and image consistency?

Answered: 1 week ago