70.2K

Verified Solution

Link Copied!

Sunspot Beverages , Limited , of uses the weighted -average method in its process costing system . 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 BlendingDepartment for June Percent Completed Materials Conversion 701 40 Work in process , beginning Started into production Completed and transferred out Work in process , ending 76,000 375,500 365,500 86,000 75 251 process , beginning added during June Materials 29,000 310,700 Conversion 10,200 218,130 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 cast 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 Prepare a cost reconciliation report for the Blending Department for June.

Answer & Explanation Solved by verified expert

See Answer