Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. It makes blended tropical fruit drinks in twostages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are bottled andpacked for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department forJune.Work in process, beginningStarted into productionCompleted and transferred outWork in process, endingWork in process, beginningCost added during JuneRequired:For JunUnits68,000341,500331,50078,000Materials$ 25,000$ 267,500Equivalent units of productionMaterials70%MaterialsPercent CompletedComplete this question by entering your answers in the tabs below.75%Conversion$ 8,700$ 184,3501. Calculate the Blending Department's equivalent units of production for materials and conversion.2. Calculate the Blending Department's cost per equivalent unit for materials and conversion.3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total.4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total.5. Prepare a cost reconciliation report for the Blending Department.Required 1 Required 2 Required 3 Required 4 Required 5390,000Calculate the Blending Department's equivalent units of production for materials and conversion in June.ConversionConversion40%351,00025%

Name: Sunspot Beverages, Limited, of Fiji uses the weighted-average method
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Description: Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. It makes blended tropical fruit drinks in twostages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juice

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Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. 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 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 68,000 341,500 331,500 78,000 Percent Completed Materials 70% 75% Materials Conversion $8,700 $ 25,000 $ 267,500 $ 184,350 Conversion 40% 25% Required: For June: 1. Calculate the Blending Department's equivalent units of production for materials and conversion. 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total. 4 Calculate

Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. 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 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 68,000 341,500 331,500 78,000 Percent Completed Materials 70% 75% Materials Conversion $8,700 $ 25,000 $ 267,500 $ 184,350 Conversion 40% 25% Required: For June: 1. Calculate the Blending Department's equivalent units of production for materials and conversion. 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total. 4 Calculate

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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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. Units Percent Completed Materials Conversion Work in process, beginning 100,000 70% 40% Started into production 477,500 Completed and transferred out 467,500 Work in process, ending 110,000 75% 25% Materials Conversion Work in process, beginning $ 41,300 $ 15,100 Cost added during June $ 442,700 $ 321,500 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.…
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