Question: Problem 5-15 (Static) Comprehensive ProblemWeighted-Average Method (LO5-2, LO5-3, LO5-4, LOS- 5] Sunspot Beverages, Limited, of Fiji uses the weighted average method in its process costing

 Problem 5-15 (Static) Comprehensive ProblemWeighted-Average Method (LO5-2, LO5-3, LO5-4, LOS- 5]

Problem 5-15 (Static) Comprehensive ProblemWeighted-Average Method (LO5-2, LO5-3, LO5-4, LOS- 5] 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 Materials Conversion 1008 75% Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 20,000 180,000 160,000 40,000 1008 25% Work in process, beginning Cost added during June Materials $ 25, 200 $ 334,800 Conversion $ 24,800 $ 238,700 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. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's equivalent units of production for materials and conversion in June. Materials Conversion Equivalent units of production

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!