60.1K

Verified Solution

Link Copied!

Selzlk Company makes super-premium cake mixes that go through two processing departments-Blending and Packaging. The following activity was recorded in the Blending Department during July: All materials are added at the beginning of work in the Blending Department. The company uses the FIFO method in its process costing system. Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion for July. 2. Caiculate the Blending Department's cost per equivalent unit for materials and conversion for July. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for July. 4. Calculate the Blending Department's cost of units transferred out to the next department for materials, conversion, and in total for July. 5. Prepare a cost reconciliation report for the Blending. Department for July. Complete this question by entering your answers in the tabs below. Calculate the Blending Department's equivalent units of production for materials and conversion for Complete this question by entering your answers in the tabs below. Calculate the Blending Department's cost per equivalent unit for materials and conversion for July. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for July. (Round your intermedlate calculations to 2 decimal places.) Complete this question by entering your answers in the tabs below. Calculate the Blending Department's cost of units transferred out to the next department for materials, conversion, and in total for July. (Round your intermediate calculations to 2 decimal places.) Prepare a cost reconciliation report for the Blending Department for July. (Round your intermediate calculations to 2 decimal places.)

Answer & Explanation Solved by verified expert

See Answer