Problem 4-15 (Static) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]

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.

	Units	Percent Completed
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:

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.