Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sunspot Beverages. Ltd, of Fijl 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 the bottled and packed for shipping in the Boting Department. The following Information pertains to the operations of the Blending Department for June. Percent Completed Die Material Coverio work in proces, beglan.is 74,000 408 started into production 367,000 Completed and transferred out 357,000 Work in process, ending 250 701 Work in process, beginning Cont added during June Materials Conversion $ 28,000 1,800 Required: 1. Calculate the Bionding 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 tota for June 4. Calculate the Blending Department's cost of units transferred out to the Botting Department for materials. conversion, and in total for June. S. Prepare a cost reconciliation report for the Bonding 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 Botting Department for materials conversion and info 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: Required 2 Required 3 Required Required Calcuate the Blending Department's equivalent units of production for materials and conversion in June. Materiale Conveni Equivalent units of production Required 2 > 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 Botting Department for materials conversion and in total for June 5. Prepare a cost reconciation report for the Blending Department for June Complete this question by entering your answers in the tabs below. Required: Required 2 Required a Roured Angured Calculate the Blending Department's cos per equivalent unit for materials and conversion in June round you decimal places) Malarials Conversion Cost per equivalent un Hocuired Required Required: 1 Calculate the Blending Department's equivalent units of production for materials and conversion in June 2. Calculate the Blending Department cost per equivalent unit for materials and conversion in June 3. Calculate the Bending 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 Botting 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. Recured 1 Required 2 Required Required * Required 5 Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for Jus (Round your intermediate action to deompaces) Materials Conversion Collanding work in process eventory

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 Theory

Authors: Ahmed Raihi-Belkaoui

5th Edition

1844800296, 978-1844800292

More Books

Students also viewed these Accounting questions