Sunspot Beverages, Ltd., 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. Percent Completed Units Materials Conversion Work in process, beginning 58,000 70% 40% Started into production 299,000 Completed and transferred out 289,000 Work in process, ending 68,000 75% 25% Materials Conversion Work in process, beginning $ 20,000 $ 6,200 Cost added during June $ 214,600 $ 131,500 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. 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.
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its
| Percent Completed | |||
| Units | Materials | Conversion | |
| Work in process, beginning | 58,000 | 70% | 40% |
| Started into production | 299,000 | ||
| Completed and transferred out | 289,000 | ||
| Work in process, ending | 68,000 | 75% | 25% |
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| Materials | Conversion | |||
| Work in process, beginning | $ | 20,000 | $ | 6,200 |
| Cost added during June | $ | 214,600 | $ | 131,500 |
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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.
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