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Use the information to complete the worksheet Sunspot Beverages, Ltd., of Fiji uses the weighted-average method of process costing. It makes blended tropical fruit drinks
Use the information to complete the worksheet
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method of process costing. 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 bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. 3. and 4. Assigning costs to units: Materials Conversion Total Ending work in process inventory: Equivalent units. Cost per equivalent unit. Cost of ending work in process inventory. Units completed and transferred out: Units transferred to the next department. Cost per equivalent unit. Cost of units completed and transferred $536,000 out. Problem 4-15 (continued) 5. Cost reconciliation: Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for. $623,500 Costs accounted for as follows: Cost of ending work in process inventory. Cost of units completed and transferred out Total cost accounted for. $623,500 Step by Step Solution
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