Introduction To Managerial Accounting
8th Edition
ISBN: 9781259917066
Author: BREWER, Peter C., Garrison, Ray H., Noreen, Eric W.
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 5, Problem 15P
Comprehensive Problem-Weighted-Average Method
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its
Required:
- Calculate the Blending Department’s equivalent units of production for materials and conversion for June.
- Calculate the Blending Department’s cost per equivalent unit for materials and conversion for June.
- Calculate the Blending Department’s cost of ending work in process inventory for materials, conversion, and in total for June.
- Calculate the Blending Department’s cost of units transferred out to the Bottling Department for materials, conversion, and in total for June.
- Prepare a cost reconciliation report for the Blending Department for June.
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Comprehensive Problem—Weighted-Average Method
Sunspot Beverages, Ltd., 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.
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 cast of units transferred out to the Bottling Department for materials, conversion, and in total for June.
5. Prepare a cost reconciliation report…
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.
Work in process, beginning
Started into production
Completed and transferred out
Work in process, ending
Work in process, beginning
Cost added during June
Units
66,000
333,000
323,000
76,000
Materials
Percent Completed
Materials
70%
$ 24,000
$ 257, 200
75%
Conversion
40%
Conversion
$ 8,300
$ 176,380
25%
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…
Sunspot Beverages, Ltd., of FIJI uses the weighted-average method in Its process costing system. It makes blended tropical frult drinks
In two stages. Frult julces are extracted from fresh frults and then blended In the Blending Department. The blended julces are then
bottled and packed for shipping In the Bottling Department. The following Information pertalns to the operations of the Blending
Department for June.
Percent Completed
Materials
Units
Conversion
104, e0e
494, 5ee
484, 500
114,e00
40%
Work in process, beginning
started into production
Completed and transferred out
work in process, ending
70%
75%
25%
Materials conversion
Work in process, beginning
Cost added during June
24
44, 300 $
16,300
$ 474,400 $ 347,930
Requlred:
1. Calculate the Blending Department's equivalent units of production for materlals and converslon in June.
2. Calculate the Blending Department's cost per equivalent unit for materlals and converslon in June.
3. Calculate the Blending Department's cost of…
Chapter 5 Solutions
Introduction To Managerial Accounting
Ch. 5 - Under what conditions would it be appropriate to...Ch. 5 - In what ways are job-order and process costing...Ch. 5 - Why is cost accumulation simpler in a process...Ch. 5 - How many Work in Process accounts are maintained...Ch. 5 - Prob. 5QCh. 5 - Assume that a company has two processing...Ch. 5 - Prob. 7QCh. 5 - Watkins Trophies, Inc., produces thousands of...Ch. 5 - This exercise relates to the Double Diamond Skis’...Ch. 5 - This exercise relates to the Double Diamond Skis’...
Ch. 5 - Prob. 3AECh. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Process Costing Journal Entries. Quality Brick...Ch. 5 - Equivalent Units of Production-Weighted-Average...Ch. 5 - Cost per Equivalent Unit-Weighted-Average Method...Ch. 5 - Assigning costs to Units-Weighted-Average Method...Ch. 5 - Cost Reconciliation Report-Weighted-Average Method...Ch. 5 - Equivalent Units of Production-Weighted-Average...Ch. 5 - Process Costing Journal Entries Chocolateris de...Ch. 5 - Equivalent Units; Cost per Equivalent Unit;...Ch. 5 - Equivalent Units and Cost per Equivalent...Ch. 5 - Equivalent Units of Production-Weighted-Average...Ch. 5 - Comprehensive Exercise; Second Production...Ch. 5 - Equivalent Unit; Assigning Costs; Cost...Ch. 5 - Comprehensive Problem; Second Production...Ch. 5 - Analysis of Work in Process...Ch. 5 - Comprehensive Problem-Weighted-Average Method...Ch. 5 - Comprehensive Proble-Weighted-Average Method...Ch. 5 - Prob. 17PCh. 5 - Interpreting a Report-Weighted-Average Method...
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- Sunspot Beverages, Ltd., of FiJi uses the weighted-average method in Its process costing system. It makes blended tropical fruit drinks in two stages. Fruit julces 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 pertalns to the operations of the Blending Department for June. Percent Completed Materials Conversion Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 104,000 494,500 484,500 114,000 70% 40% 75% 25% Materials Conversion Work in process, beginning Cost added during June $ 44,300 $ 16,300 $ 474,400 $ 347,930 Requlred: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June. 2. Calculate the Blending Department's cost per equlvalent unit for materlals and conversion in June. 3. Calculate the Blending Department's cost of ending…arrow_forwardSunspot 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. Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June Units 64,000 324,500 314,500 74,000 Materials $ 23,000 $ 247,100 Equivalent units of production Materials Percent Completed Materials 70% Complete this question by entering your answers in the tabs below. 75% Conversion $ 7,900 $ 168,590 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…arrow_forwardSunspot 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. Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June Units 78,000 384,000 374,000 88,000 Materials $ 30,400 $ 326,000 Percent Completed Materials 70% Required 1 Required 2 Required 3 Required 4 75% Conversion $ 10,800 $ 230,760 Complete this question by entering your answers in the tabs below. 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…arrow_forward
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