Sunspot Beverages, Ltd., of Fiji makes blended tropical fruit drinks in two stages. Fruit juices...
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Accounting
Sunspot Beverages, Ltd., of Fiji 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. (The currency in Fiji is the Fijian dollar.) Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system. |
Percent Completed | |||
Units | Materials | Conversion | |
Work in process, beginning | 21,200 | 100% | 68% |
Started into production | 180,000 | ||
Completed and transferred out | 150,000 | ||
Work in process, ending | 51,200 | 100% | 15% |
Materials | Conversion | |
Work in process, beginning | $26,600 | $25,600 |
Cost added during June | $349,200 | $222,059 |
Requirement 1: |
Determine the equivalent units for June for the Blending Department. |
Materials | Conversion | |
Equivalent units of production | ||
Requirement 2: |
Compute the costs per equivalent unit for June for the Blending Department. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
Materials | Conversion | |
Cost per equivalent unit | $ | $ |
Requirement 3: | |
(a) | Determine the total cost of ending work in process inventory. (Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) |
Materials | Conversion | Total | |
Cost of ending work in process inventory | $ | $ | $ |
(b) | Determine the total cost of units transferred to the next process for the Blending Department in June. (Omit the "$" sign in your response.) |
Cost of units transferred out | $ |
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