Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its process costing system. It...

70.2K

Verified Solution

Question

Accounting

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. Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June Units 108,000 511,500 501,500 118,000 Materials $ 46,800 $ 501,900 Percent Completed Materials 70% 75% Conversion $ 17,400 $ 370,230 Conversion 40% 25% 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 Bottling Department for materials, conversion, and in total for June. 5. Prepare a cost reconciliation report for the Blending Department for June.
image
Sunspot Beverages, Limited, of Fil uses the weighted-average method in its process costing system. It makes blended tropical fruit trinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended Juices are then bottied 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. Colculate the Blending Department's cost per equivalent unit for moterials 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 vansferred 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students