Saved Blue Cross Eire Products is a specialty lubricants company. The Lake Plant produces a single...

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Saved Blue Cross Eire Products is a specialty lubricants company. The Lake Plant produces a single product in three departments: Filtering, Blending, and Packaging. Additional materials are added in the Blending Process when units are 50 to 55 percent complete with respect to conversion. Information for operations in June in the Blending process appear as follows. Work in process on June 1 consisted of 10,400 barrels with the following costs. Filtering costs transferred in Costs added in Blending Direct materials Conversion costs Work in process June 1 Amount $10,960 Degree of Completion 100% $ 0 0% 19,490 30% $19,490 $30,450 During June, 123,000 barrels were transferred in from Filtering at a cost of $169,740. The following costs were added in Blending in June. Direct materials Conversion costs Total costs added $ 432,216 616,028 $1,048,244 conne... Halp Save & Exit Blending finished 122,000 barrels in June and transferred them to Packaging. At the end of June, there were 11,400 barrels in work in process inventory. The units were 60 percent complete with respect to conversion costs. The Blending Department uses the FIFO method of process costing. Required: Calculate the following for June for the Blending Department using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) < Prev 8 of 8 Next Check Saved Blue Cross Eire Products is a specialty lubricants company. The Lake Plant produces a single product in three departments: Filtering, Blending, and Packaging. Additional materials are added in the Blending Process when units are 50 to 55 percent complete with respect to conversion. Information for operations in June in the Blending process appear as follows. Work in process on June 1 consisted of 10,400 barrels with the following costs. Filtering costs transferred in Costs added in Blending Direct materials Conversion costs Work in process June 1 Amount $10,960 Degree of Completion 100% $ 0 0% 19,490 30% $19,490 $30,450 During June, 123,000 barrels were transferred in from Filtering at a cost of $169,740. The following costs were added in Blending in June. Direct materials Conversion costs Total costs added $ 432,216 616,028 $1,048,244 conne... Halp Save & Exit Blending finished 122,000 barrels in June and transferred them to Packaging. At the end of June, there were 11,400 barrels in work in process inventory. The units were 60 percent complete with respect to conversion costs. The Blending Department uses the FIFO method of process costing. Required: Calculate the following for June for the Blending Department using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) < Prev 8 of 8 Next Check