Question: PROBLEM 4-15 Comprehensive Problem Weighted Average Method L04-2 LO4-3 L04-4, LO4-5 Sunspot Beverages, Ltd., of Fiji makes blended tropical fruit drinks in two stages. Fruit
PROBLEM 4-15 Comprehensive Problem Weighted Average Method L04-2 LO4-3 L04-4, LO4-5 Sunspot Beverages, Ltd., of Fiji 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 per- tains to the operations of the Blending Department for June. Percent Completed Units MaterialsConversion 75% Started into production Completed and transferred out 180,000 160,000 25% Materials Conversion Work in process, beginning.. Cost added during June.. $25,200 $24,800 $334,800 $238,700 Required Assume that the company uses the weighted-average method. 1. Determine the equivalent units for June for the Blending Department. 2. Compute the costs per equivalent unit for the Blending Department. 3. Determine the total cost of ending work in process inventory and the total cost of units trans- ferred to the Bottling Department. 4. Prepare a cost reconciliation report for the Blending Department for June
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
