Question

Chech Work in process, beginning Started into production Completed and transferred out Work in process, ending 108 | 1434 51,580 | 118,000 75 Materials Conversion Work in process, beginning Cost added during June هوية 16 100 1 01 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 Complete this question by entering your answers in the tabs below. < Prey of 7 Next > here to search MOBook ا ا ا ا ا ا ا الا مواد - لا اله الو ال الاهد ال اله الا اله الا ا لالالالالاله های الالالالالاله الل* الالال

Answer 1

Solution 1:

Blending Department
Computation of Equivalent unit of Production
Particulars	Physical Units	Material	Conversion
Units to account for:
Beginning WIP	108000
Started into Production	511500
Total units to account for	619500
Units accounted for:
Unit completed & Transferred out	501500	501500	501500
Units in ending inventory:	118000
Material (75%)		88500
Conversion (25%)			29500
Equivalent units of production	619500	590000	531000

Solution 2:

Computation of Cost per equivalent unit - Blending department
Particulars	Material	Conversion	Total
Opening WIP	$46,800	$17,400	$64,200
Cost Added during Period	$501,900	$370,230	$872,130
Total cost to be accounted for	$548,700	$387,630	$936,330
Equivalent units of production	590000	531000
Cost per Equivalent unit	$0.93	$0.73

Solution 3 & 4:

Computation of Cost of ending WIP and units completed & transferred out - Blending Department
Particulars	Material	Conversion	Total
Equivalent unit of Ending WIP	88500	29500
Cost per equivalent unit	$0.93	$0.73
Cost of Ending WIP (Equivalent unit * Cost per equivalent unit)	$82,305	$21,535	$103,840
Units completed and transferred	501500	501500
Cost of units completed & Transferred (Unit completed * cost per equivalent unit)	$466,395	$366,095	$832,490

Solution 5:

Cost reconciliation - Blending Department
Particulars	Amount
Costs to be accounted for:
Cost of beginning WIP inventory	$64,200.00
Cost added to production	$872,130.00
Total Costs to be accounted for	$936,330.00
Costs accounted for as follows:
Cost of unit transferred out	$832,490
Ending WIP:
Material	$82,305
Converison	$21,535
Total Ending WIP	$103,840
Total costs accounted for	$936,330