Answers
Material |
Conversion |
|
Equivalent units of production |
200,000 |
170,000 |
EUP - Weighted Average Method |
Units |
% Material |
EUP Materials |
% Conversion |
EUP - Conversion |
Units TRANSFERRED |
160,000 |
100% |
160,000 |
100% |
160,000 |
Units of ENDING WIP |
40,000 |
100% |
40,000 |
25% |
10,000 |
Equivalent Units of Production |
200,000 |
170,000 |
Material |
Conversion |
|
Cost per Equivalent units |
$ 1.80 |
$ 1.55 |
COST per EUP |
Material |
Conversion |
|||
Cost of Beginning WIP |
$ 25,200.00 |
$ 24,800.00 |
|||
Cost incurred during the period |
$ 334,800.00 |
$ 238,700.00 |
|||
Total Costs |
Costs |
$ 360,000.00 |
Costs |
$ 263,500.00 |
|
Equivalent units of production |
EUP |
200,000 |
EUP |
170,000 |
|
Cost per EUP |
$ 1.80000 |
$ 1.55000 |
Material |
Conversion |
Total |
|
Cost of ending WIP Inventory |
$ 72,000.00 |
$ 15,500.00 |
$ 87,500.00 |
Cost of ending WIP |
EUP |
Cost per EUP |
Total Cost |
|
- Direct Materials |
40,000 |
$ 1.80 |
$ 72,000.00 |
|
- Conversion |
10,000 |
$ 1.55 |
$ 15,500.00 |
|
Total cost of ending WIP |
$ 87,500.00 |
Material |
Conversion |
Total |
|
Cost of units completed & transferred out |
$ 288,000.00 |
$ 248,000.00 |
$ 536,000.00 |
Cost of Units Transferred Out |
EUP |
Cost per EUP |
Total Cost |
|
- Direct Materials |
160,000 |
$ 1.80 |
$ 288,000.00 |
|
- Conversion |
160,000 |
$ 1.55 |
$ 248,000.00 |
|
Total Cost transferred Out |
$ 536,000.00 |
Costs to be accounted for: |
|
Cost of Beginning WIP Inventory |
$ 50,000.00 |
Cost added to production during the period |
$ 573,500.00 |
Total Cost to be accounted for |
$ 623,500.00 |
Costs accounted for as follows: |
|
Cost of units transferred out |
$ 536,000.00 |
Cost of Ending WIP Inventory |
$ 87,500.00 |
Total Cost accounted for |
$ 623,500.00 |
Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It...
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. Percent Completed Materials Conversion 705 408 Work in process, beginning Started into production Completed and transferred...
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. Percent Completed Materials Conversion 70% 40% Work in process, beginning Started into production Completed and...
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. Percent Completed Materials Conversion zes Work in process, beginning Started into production Completed and transferred...
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. Percent Completed Materials Conversion 700 400 Work in process, beginning Started into production Completed and...
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. Percent Completed Materials Conversion 70% 40% Work in process, beginning Started into production Completed and...
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. Percent Completed Materials Conversion 100% 75% Work in process, beginning Started into production Completed and...
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. Percent Completed Materials Conversion 70% 40% Work in process, beginning Started into production Completed and...
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. Percent Completed Materials Conversion 70% 40% Work in process, beginning Started into production Completed and...
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. Work in process, beginning Started into production Completed and transferred out Work in process, ending...
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. Percent Completed Units Materials Conversion Work in process, beginning 74,000 70% 40% Started into production 367,000...