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
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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
78,000
384,000
374,000
88,000
Materials
$ 30,400
$ 326,000
Percent Completed
Materials
70%
Required 1 Required 2 Required 3 Required 4
75%
Conversion
$ 10,800
$ 230,760
Complete 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.
Conversion
40%
Required 5
25%
Calculate the Blending Department's equivalent units of production for materials and conversion in June.
Transcribed Image Text: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 78,000 384,000 374,000 88,000 Materials $ 30,400 $ 326,000 Percent Completed Materials 70% Required 1 Required 2 Required 3 Required 4 75% Conversion $ 10,800 $ 230,760 Complete 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. Conversion 40% Required 5 25% Calculate the Blending Department's equivalent units of production for materials and conversion in June.
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