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Selzik Company makes super-premium cake mixes that go through two processing departments-Blending and Packaging. The following activity was recorded in the Blending Department during July: Production data: Units in process, July 1 (materials 100% complete; conversion 30% complete) Units started into production Units in process, July 31 (materials 100% 10,000 170,000 20,000 complete; conversion 40% complete) Cost data: Work in process inventory, July 1: Materials cost Conversion cost $8,500 4,900 Cost added during the month: Materials cost Conversion cost $139,400 $244,200 All materials are added at the beginning of work in the Blending Department. The company uses the FIFO method in its process costing system Required: 1. Calculate the Blending Departments equivalent units of production for materials and conversion for July. 2. Calculate the Blending Departments cost per equivalent unit for materials and conversion for July. 3. Calculate the Blending Departments cost of ending work in process inventory for materials, conversion, and in total for July 4. Calculate the Blending Departments cost of units transferred out to the next department for materials, conversion, and in total for July 5. Prepare a cost reconciliation report for the Blending Department for July.Required 1Required 2Required 3 Required 4Required 5 Calculate the Blending Departments equivalent units of production for materials and conversion for July. Materials Conversion Equivalent units of productionRequired 1Required 2 E Required 3 Required 4 Required 5 Calculate the Blending Departments cost per equivalent unit for materials and conversion for July. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unitRequired 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Departments cost of ending work in process inventory for materials, conversion, and in total for July Materials Conversion Total Cost of ending work in process inventoryRequired 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Departments cost of units transferred out to the next department for materials, conversion, and in total for July. Materials Conversion Conversion Total Cost of units transferred outPrepare a cost reconciliation report for the Blending Department for July Blending Department Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for

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Answer: Equivalent units (EU) of production EU to complete beg. WIP +Units started and completed during the period + EU in ending WIP EU to complete beg. WIP may be calculated as: EU to complete beg. WIP-units in beg. WIPX (100%-percent completion of beg. WIP) Units started and completed during the period may be calculated as: Units started and completed during the period Units started into production - Units in the ending WIP Units started and completed during the period - 1 70000 units - 20000 units 150000 units started and completedEU in ending WIP may be calculated as: EU in ending WIP = Units in ending WIP x percent completion Equivalent units for July for the Blending department are: Materials Conversion To complete beginning work in process: Materials: 10000 units x (100%-100%) Conversion: 10000 units x (100%-30%) Units started and completed during the period Ending work in process: Materials: 20000 units x 100% Conversion: 20000 units x 40% Equivalent units of production 0 7000 150000 150000 20000 8000 170000 165000 Materials Conversion 170000 Equivalent units of production 165000Answer:2 Cost per equivalent unit is as follows: Material Cnversion Cost added during the month (a) 139400 244200 Total equivalent units (b) Cost per equivalent unit (a)/(b) $0.82 $ $383600 170000 165000 148 $ 2.30 Materials Conversion $0.82$ 1.48 Cost per equivalent unit Note: Equivalent units have been calculated in part 1 above.Answer:3 Calculation of Total cost of ending work in process inventory: Materia ConversionTotal 8000 Equivalent units in ending WIP (a) 20000 Cost per equivalent unit (b) Total cost of ending WIP (a)x(b) 16400 28000 $0.82 $ $ 1.48 11840 28240 Total cost of ending WIP is $28240.Calculating total cost of units transferred to the next department: Material 0 150000 Conversion 7000 150000 Total 7000 300000 Equivalent units to complete beg. WIP (a) Equivalent Units started and completed (b) Cost per equivalent unit C Cost for equivalent units to complete beg. WIP (x) (a) xO Cost of EU started and completed (y)-(b)xC Cost for beg. WIP (z) Total Cost of units transferred out to the blending department (x)+(y)+(z) Total cost for units transferred to the blending department is $368760 0.82 $ 1.48 2.30 $10360 $ 10360 $123000 222000 345000 $ 8500 $4900 13400 $368760 131500 $ 237260 Tota Cost of ending work in process inventory $ 28,240.00 Cost of units transferred out Note: Equivalent units have been calculated in part 1 and cost per equivalent unit has been calculated in part 2 above. $3,68,760.00Answer:4 Cost reconciliation report for the Blending Department for July is as follows: Blending Department Cost Reconciliation Costs to be accounted for: Beginning WIP Cost added during the month $3,83,600.00 Total cost to be accounted for 3,97,000.00 Costs accounted for as follows: Total cost of EU transferred out 3,68,760.00 Total cost of EU in ending WIP $28,240.00 Total cost accounted for Note: Total cost of EU tansferred out and EU in ending WIP have been calculated in part 3 above. $13,400.00 $3,97,000.00Thank you. I hope you understand

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