Problem 4A-11 (Static) Equivalent Units of Production; Cost per Equivalent Unit; Assigning Costs-FIFO Method (LO4-6, LO4-7, LO4-8, LO4-9) Sunspot Beverages, Ltd., of FIJI uses the FIFO method In Its process costing system. It makes blended tropical fruit drinks in two stages. Frult julces are extracted from fresh frults and then blended in the Blending Department. The blended julces are then| bottled and packed for shipping in the Bottling Department. The following Information pertalns to the operations of the Blending Department for June. Percent Completed Materials Units Conversion Work in process, beginning Started into production Completed and transferred out Work in process, ending 20,000 100x 75% 180, eee 160, 00e 40, eee 1eex 25% Materials Conversion Work in process, beginning Cost added during June 25, 200 24, 8ee $ 334, 800 $ 238, 700 Requlred: 1. Compute the Blending Department's equlvalent units of production for materlals and conversion for June. 2. Compute the Blending Department's cost per equivalent unit for materials and conversion for 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 next department for materials, conversion, and In total for June. 5. Prepare a cost reconcilation report for the Blending Department for June.
Problem 4A-11 (Static) Equivalent Units of Production; Cost per Equivalent Unit; Assigning Costs-FIFO Method (LO4-6, LO4-7, LO4-8, LO4-9) Sunspot Beverages, Ltd., of FIJI uses the FIFO method In Its process costing system. It makes blended tropical fruit drinks in two stages. Frult julces are extracted from fresh frults and then blended in the Blending Department. The blended julces are then| bottled and packed for shipping in the Bottling Department. The following Information pertalns to the operations of the Blending Department for June. Percent Completed Materials Units Conversion Work in process, beginning Started into production Completed and transferred out Work in process, ending 20,000 100x 75% 180, eee 160, 00e 40, eee 1eex 25% Materials Conversion Work in process, beginning Cost added during June 25, 200 24, 8ee $ 334, 800 $ 238, 700 Requlred: 1. Compute the Blending Department's equlvalent units of production for materlals and conversion for June. 2. Compute the Blending Department's cost per equivalent unit for materials and conversion for 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 next department for materials, conversion, and In total for June. 5. Prepare a cost reconcilation report for the Blending Department for June.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Equivalent Units of Production; Cost per Equivalent Unit; Assigning Costs-FIFO Method.
![Problem 4A-11 (Static) Equivalent Units of Production; Cost per Equivalent Unit; Assigning Costs-FIFO
Method (LO4-6, LO4-7, LO4-8, LO4-9]
Sunspot Beverages, Ltd., of FIJI uses the FIFO method in Its process costing system. It makes blended tropical fruit drinks in two
stages. Frult julces 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 pertalns to the operations of the Blending
Department for June.
Percent Completed
Units
Materials
Conversion
Work in process, beginning
Started into production
20, eee
1eex
75%
180, eee
160, eee
40, eee
Completed and transferred out
Work in process, ending
1ee%
25%
Materials
Conversion
Work in process, beginning
Cost added during June
24, 80e
238, 700
25,200
$ 334,8ee
Required:
1. Compute the Blending Department's equivalent units of production for materials and conversion for June.
2 Compute the Blending Department's cost per equlvalent unit for materials and converslon for 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 next department for materlals, converslon, 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.
Required 1
Required 2
Required 3
Required 4 Required 5
Compute the Blending Department's equivalent units of production for materials and conversion for June.
Materials
Conversion
Equivalent units of production
180,000
155,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3a540a69-17bb-4fab-8fe0-9d4e08d8e2c6%2F004ae396-8f3a-4526-be96-4abf6dfd9c2c%2Ffh8daur_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 4A-11 (Static) Equivalent Units of Production; Cost per Equivalent Unit; Assigning Costs-FIFO
Method (LO4-6, LO4-7, LO4-8, LO4-9]
Sunspot Beverages, Ltd., of FIJI uses the FIFO method in Its process costing system. It makes blended tropical fruit drinks in two
stages. Frult julces 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 pertalns to the operations of the Blending
Department for June.
Percent Completed
Units
Materials
Conversion
Work in process, beginning
Started into production
20, eee
1eex
75%
180, eee
160, eee
40, eee
Completed and transferred out
Work in process, ending
1ee%
25%
Materials
Conversion
Work in process, beginning
Cost added during June
24, 80e
238, 700
25,200
$ 334,8ee
Required:
1. Compute the Blending Department's equivalent units of production for materials and conversion for June.
2 Compute the Blending Department's cost per equlvalent unit for materials and converslon for 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 next department for materlals, converslon, 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.
Required 1
Required 2
Required 3
Required 4 Required 5
Compute the Blending Department's equivalent units of production for materials and conversion for June.
Materials
Conversion
Equivalent units of production
180,000
155,000
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