90.2K

Verified Solution

Link Copied!

need answers to all 5 required, 1 st required is in picture with question

(Round,your intermediate calculations to 2 decimal places.) \begin{tabular}{|l|l|l|} \hline Cost of ending work in process inventory & Materials & Conversion \\ \hline \end{tabular} 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 Botlling 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. decimal places.) \begin{tabular}{|l|l|l|} \hline & Materials & Conversion \\ \hline Cost per equivalent unit & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Blending Department } \\ \hline Cost Reconciliation \\ \hline & \\ \hline & \\ \hline Total cost to be accounted for: & \\ \hline Costs accounted for as follows: & $ \\ \hline & \\ \hline & \\ \hline & \\ \hline Total cost accounted for & $ \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Cost of units completed and transferred out & Materials & Conversion & Total \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert

See Answer