Saved Help Save & Exit Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image](https://dsd5zvtm8ll6.cloudfront.net/questions/2024/05/663da50e6c6bf_981663da50db471f.jpg)
Transcribed Image Text:
Saved Help Save & Exit 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. ending Department's cost per equivalent unit for materials and conversion. Poduction for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conv 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Percent Completed Work in process, beginning Started into production Units 72,000 Materials 70% Conversion 40% 358,500 Completed and transferred out 348,500 Work in process, ending 82,000 75% 25% Work in process, beginning Materials $ 26,900 Conversion $ 9,400 Cost added during June $ 288,800 $ 200,930 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion total for June. Note: Round your intermediate calculations to 2 decimal places. Materials Conversion Total Cost of units completed and transferred out < Required 3 Required 5 > < Prev 10 of 10 Next > Calculate the Blending Department's equivalent units of production for materials and conversion in June. Dienging Department's cost of ending work in process inventory for materials, conversion, per equivalent unit for materials and conversion. cidis and conversion. 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for material 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Blending Department for June. Note: Round your intermediate calculations to 2 decimal places. 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 Equivalent units of production < Required Conversion Required 2 > Blending Department Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for < Required 4 Required 5 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 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materi 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Calculate the Blending Department's cost per equivalent unit for materials and conversion. epartment's equivalent units of production for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process Inventory for materials, conversion, and in tota 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, convers 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for Jun Note: Round your intermediate calculations to 2 decimal places. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. Note: Round your answers to 2 decimal places. Cost of ending work in process inventory Materials Conversion Cost per equivalent unit Materials Conversion Total < Prev 10 of 10 Next Saved Help Save & Exit 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. ending Department's cost per equivalent unit for materials and conversion. Poduction for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conv 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Percent Completed Work in process, beginning Started into production Units 72,000 Materials 70% Conversion 40% 358,500 Completed and transferred out 348,500 Work in process, ending 82,000 75% 25% Work in process, beginning Materials $ 26,900 Conversion $ 9,400 Cost added during June $ 288,800 $ 200,930 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion total for June. Note: Round your intermediate calculations to 2 decimal places. Materials Conversion Total Cost of units completed and transferred out < Required 3 Required 5 > < Prev 10 of 10 Next > Calculate the Blending Department's equivalent units of production for materials and conversion in June. Dienging Department's cost of ending work in process inventory for materials, conversion, per equivalent unit for materials and conversion. cidis and conversion. 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for material 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Blending Department for June. Note: Round your intermediate calculations to 2 decimal places. 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 Equivalent units of production < Required Conversion Required 2 > Blending Department Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for < Required 4 Required 5 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 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materi 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Calculate the Blending Department's cost per equivalent unit for materials and conversion. epartment's equivalent units of production for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process Inventory for materials, conversion, and in tota 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, convers 5. Prepare a cost reconciliation report for the Blending Department. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for Jun Note: Round your intermediate calculations to 2 decimal places. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. Note: Round your answers to 2 decimal places. Cost of ending work in process inventory Materials Conversion Cost per equivalent unit Materials Conversion Total < Prev 10 of 10 Next
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
a) Calculate the portfolio standard deviation for the portfolio containing two currency exchange pairs; JPYUSD and CHFUSD. JPYUSD is represented for 24% in the portfolio and has a standard deviation...
-
Read the following case study and answer the following questions The name of the case study is Keep Good Shape(KGS)-the expansion dilemma by Bikramjit Rishi and Vinit Vijay Dan Question 1 What are...
-
Lease or Sell Astro Company owns equipment with a cost of $365,000 and accumulated depreciation of $56,200 that can be sold for $274,000, less a 3% sales commission. Alternatively, Astro Company can...
-
In Problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 30 - q and the supply function before taxation is p = 6 + 2q, what tax per item will...
-
A monetary policy is said to be credible if the central bank will have an incentive to do tomorrow what it says today that it will do tomorrow. Other policies may be credible or noncredible. Which of...
-
The following selected financial data pertain to four unidentified companies: The above financial information pertains to the following companies: a. Full-line department store b. Wholesale fish...
-
Mattels Global Performance. Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004. In its filings with the United States Security and Exchange...
-
Therapy Inc. experienced the following events in 2014, its first year of operation: 1. Performed counseling services for $ 18,000 cash. 2. On February 1, 2014, paid $ 12,000 cash to rent office space...
-
Rewrite the vector components using the unit vector form. = <13, 3>. D=13 +3 e
-
question help. Vanier Corporation is comparing two different capital structures: an all-equity).r plan {Plan I} and a levered plan [Plan II). Under Plan I. the company would have 195,000 shares of...
-
Montana Alta sells two products. Product A and Product B. Product A Product B Total Sales price $40 $50 Variable cost per unit 24 40 Total fixed costs $840,000 Sales price Product A $ 40 and Product...
-
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to...
-
Syarikat Hyper produces two joint products; Alpha and Beta; and a by-product, Teta using the same production process. The separation point occurs upon completion of production activities in...
-
What is the present value of the CCA tax shields generated if a company purchases equipment to be used in business operations for $380,000 and the equipment has a CCA rate of 30 percent? You intend...
-
Create a SQL query based on tblTransaction and tblEmployees that will display all the fields from tblTransaction and the FirstName and LastName fields from tblEmployees. Use a join to include all...
-
The article "COVID-19 Changes Everythingand NothingAbout Managing Workers" part of theLearning Corner with Jeffrey Pfeffer talks about the best practices and recommendations by organizations to cope...
-
The following cost information was provided to you for analysis: September 12,000 Units Produced Costs: TIC TAC TOE TING August 10,000 P80,000 70.000 60.000 50,000 How much is the fixed cost per...
-
Kimiko Company's standard labor cost per unit of output is $ 1 8 (2 hours X \($9.00\) per hour). During August, the company incurs 1,850 hours of direct labor at an hourly cost of \($9.60\) per hour...
-
The standard cost of Product B manufactured by Lopez Company includes three units of direct materials at $5.00 per unit. During June, 30,000 units of direct materials are purchased at a cost of $4.80...
-
Some overhead data for Hilo Company are given in BE8-6. In addition, the flexible manufacturing overhead budget shows that budgeted costs are \($4.00\) variable per direct labor hour and \($25,000\)...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App