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Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its
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:
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.
Formula :
Cost per equivalent unit = Cost / Equivalent unit
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