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 JuneUnits78,000384,000374,00088,000Materials$ 30,400$ 326,000Percent CompletedMaterials70%Required 1 Required 2 Required 3 Required 475%Conversion$ 10,800$ 230,760Complete this question by entering your answers in the tabs below.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 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.Conversion40%Required 525%Calculate the Blending Department's equivalent units of production for materials and conversion in June.

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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Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June Units 78,000 384,000 374,000 88,000 Materials Required 1 Required 2 $ 30,400 $ 326,000 Required 3 Percent Completed. Materials 70% 75% Required 4 Conversion $ 10,800 $ 230,760 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. Complete this question by entering your answers in the tabs below. 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. Conversion 40% 25% Required 5 Calculate the Blending Department's equivalent units of production for materials and conversion In 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 78,000 384,000 374,000 88,000 Materials Required 1 Required 2 $ 30,400 $ 326,000 Required 3 Percent Completed. Materials 70% 75% Required 4 Conversion $ 10,800 $ 230,760 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. Complete this question by entering your answers in the tabs below. 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. Conversion 40% 25% Required 5 Calculate the Blending Department's equivalent units of production for materials and conversion In June.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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how can I resolve this problem? Percent Completed Units Materials Conversion Work in process, beginning 50,000 70% 40% Started into production 265,000 Completed and transferred out 255,000 Work in process, ending 60,000 75% 25% Materials Conversion Work in process, beginning $ 16,600 $ 5,000 Cost added during June $ 178,400 $ 105,700 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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