Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruitdrinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices arethen bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the BlendingDepartment for June.Percent CompletedUnits68,000Materials70%Conversion40%341,500Work in process, beginningStarted into productionCompleted and transferred outWork in process, ending331,50078,00075%25%Work in process, beginningMaterials.$ 25,000Conversion$ 8,700$ 184,350Cost added during June$ 267,500Required: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 totalfor June.5. Prepare a cost reconciliation report for the Blending Department for June.

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Description: Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruitdrinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The bl

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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. Percent Completed Units 68,000 Materials 70% Conversion 40% Work in process, beginning Started into production Completed and transferred out 341,500 331,500 Work in process, ending 78,000 75% 25% Materials $ 25,000 Work in process, beginning Conversion $ 8,700 $ 184,350 Cost added during June $ 267,500 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.

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. Percent Completed Units 68,000 Materials 70% Conversion 40% Work in process, beginning Started into production Completed and transferred out 341,500 331,500 Work in process, ending 78,000 75% 25% Materials $ 25,000 Work in process, beginning Conversion $ 8,700 $ 184,350 Cost added during June $ 267,500 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.

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...

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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.…
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 76,000 70% 40% Started into production 375,500 Completed and transferred out 365,500 Work in process, ending 86,000 75% 25% Materials Conversion Work in process, beginning $ 29,000 $ 10,200 Cost added during June $ 310,700 $ 218,130 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.…
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 20,000 100% 75% Started into production 180,000 Completed and transferred out 160,000 Work in process, ending 40,000 100% 25% Materials Conversion Work in process, beginning $25,200 $24,800 Cost added during June $334,800 $238,700 Required: Calculate the Blending Department’s equivalent units of production for materials and conversion in June. Calculate the Blending Department’s cost per equivalent unit for materials and conversion in June. Calculate the…
how do I resolve this? Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Required: 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. 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
Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during July: Production data: Total Units in process, July 1 (materials 100% complete; conversion 30% complete) 10,000 Units started into Production 170,000 Units complete and transferred to Packaging ? Units in process, July 31 (materials 100% complete; conversion 40% complete) 20,000 Cost data: Work in process inventory, July 1: Materials cost $ 8,500 Conversion cost 4,900 $13,400 Cost added during the month: Materials cost $139,400 Conversion cost 244,200 383,600 Total Cost $397,000 All materials are added at the beginning of work in the Blending Department. Required: Prepare a production report in weighted average method and FIFO method…