Sunspot Beverages, Ltd. of Fiji makes blended tropical fruit drinks in two stages. Fruit juices are...
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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 pertains to the operations of the blending department for June. (The currency in Fiji is the Fijian dollar (FJ$].) Percentage Completed Materials Conversion 75% Units Work in process, beginning Started into production Completed and transferred out Work in process, ending 19,000 175,000 154,000 40,000 100% 100% 25% Materials Conversion Work in process, beginning Cost added during June FJ$ 26,000 303,800 FJ$ 25,300 187,900 Required: Prepare a production report for the blending department for June assuming that the company uses the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for: Total units Equivalent Units (EU) Units Materials Conversion Units accounted for as follows: Total units and equivalent units of production Costs per Equivalent Unit Materials Conversion Costs per equivalent unit Cost Reconciliation Equivalent Units (EU) Total Cost Materials Conversion Cost accounted for as follows: Work in process, June 30: Total work in process Total cost 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 pertains to the operations of the blending department for June. (The currency in Fiji is the Fijian dollar (FJ$].) Percentage Completed Materials Conversion 75% Units Work in process, beginning Started into production Completed and transferred out Work in process, ending 19,000 175,000 154,000 40,000 100% 100% 25% Materials Conversion Work in process, beginning Cost added during June FJ$ 26,000 303,800 FJ$ 25,300 187,900 Required: Prepare a production report for the blending department for June assuming that the company uses the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for: Total units Equivalent Units (EU) Units Materials Conversion Units accounted for as follows: Total units and equivalent units of production Costs per Equivalent Unit Materials Conversion Costs per equivalent unit Cost Reconciliation Equivalent Units (EU) Total Cost Materials Conversion Cost accounted for as follows: Work in process, June 30: Total work in process Total cost
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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