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-FIFOMethod (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 twostages. 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 BlendingDepartment for June.Percent CompletedUnitsMaterialsConversionWork in process, beginningStarted into production20, eee1eex75%180, eee160, eee40, eeeCompleted and transferred outWork in process, ending1ee%25%MaterialsConversionWork in process, beginningCost added during June24, 80e238, 70025,200$ 334,8eeRequired: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 forJune.5. Prepare a cost reconciliation report for the Blending Department for June.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Required 4 Required 5Compute the Blending Department's equivalent units of production for materials and conversion for June.MaterialsConversionEquivalent units of production180,000155,000

“Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter5: Support Department And Joint Cost Allocation

Section: Chapter Questions

Problem 3PB: Joint cost allocation McKenzies Soap Sensations, Inc., produces hand soaps with three different...

See similar textbooks

Equivalent Units of Production; Cost per Equivalent Unit; Assigning Costs-FIFO Method.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 6 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.