Question

Problem 4-15 Comprehensive Problem-Weighted-Average Method (L04-2, LO4-3, LO4-4, LO4-5) Sunspot Beverages, Ltd., of Fiji uses
Required: 1. Calculate the Blending Departments equivalent units of production for materials and conversion in June. 2. Calc
1. Calculate ule Bienny Departments equivalent units of production for materials and conversion 2. Calculate the Blending Dep
3. Calculate the Blending Departments cost of ending work in process inventory for materials, conver 4. Calculate the Blendi
4. Calculate the Blending Departments cost of units transferred out to the Bottling Department for June. 5. Prepare a cost r
for June. 5. Prepare a cost reconciliation report for the Blending Department for June. Complete this question by entering yo
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Answer #1

Solution:

1 Equivalent Units of Production Materials Conversion
Transferred to next department 160000 160000
Ending Work-in-Progress
Materials : 40,000 *100% Complete 40000
Conversion 40,000 units * 25% Complete 10000
Equivalent Units of Production 200000 170000
2 Cost Per Equivalent Unit
Materials Conversion
Work -in- Process (Beginning) 25200 24800
Cost Added During the year 334800 238700
Total 360000 263500
Equivalent Units 200000 170000
Cost Per Equivalent Unit 1.8 1.55
3 Cost Of Ending Work in Process
Materials Conversion Total
Ending work in process inventory
Equivalent Units of Production 40000 10000
Cost Per Equivalent Unit 1.8 1.55
Cost Of Ending Work in Process 72000 15500 87500
Units Completed and Transferred out
Units Tranferred to next department 160000 160000
Cost Per Equivalent Units 1.8 1.55
Costs of units completed and transferred out 288000 248000 536000
4 Cost Reconciliation
Costs to be accounted for
Cost of beginning Inventory (25200+24800) 50000
Cost Added During the year (334000+238700) 573500
Total Costs to be accounted for 623500
Cost of Ending Inventory (72000+15500) 87500
Costs of units completed and transferred out 536000
Total Costs to be accounted for 623500
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