Required 1
Required 2
Required 3
Required 4
Required 5
1) Equivalent unit
Material | Conversion | |
Beginning WIP | 0 | 7000 |
Unit started and completed | 150000 | 150000 |
Ending WIP | 20000 | 20000*40% = 8000 |
Equivalent unit | 170000 | 165000 |
2) Cost per equivalent unit
Material | Conversion | |
Cost added | 139400 | 244200 |
Equivalent unit | 170000 | 165000 |
Cost per equivalent unit | 0.82 | 1.48 |
3) Cost of ending WIP
Material | Conversion | Total | |
Cost of ending WIP | 20000*.82 = 16400 | 8000*1.48 = 11840 | 28240 |
4) Cost of unit transferred out
Material | Conversion | Total | |
Cost of Beginning WIP | 8500 | 4900+7000*1.48 = 15260 | 23760 |
Cost of unit started and completed | 150000*.82 = 123000 | 222000 | 345000 |
Total | 131500 | 237260 | 368760 |
5) Cost reconciliation
Cost to be accounted for | |
Beginning WIP | 13400 |
Cost added | 383600 |
Total cost to be accounted for | 397000 |
Cost accounted as | |
Cost of unit transferred out | 368760 |
Cost of ending WIP | 28240 |
Total cost accounted as | 397000 |
Required 1 Required 2 Required 3 Required 4 Required 5 Selzik Company makes super-premium cake mixes...
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...
00 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 10,eee 170,000 20,00 Production data: Units in process, July 1 (materials 100% complete; conversion 30x complete) Units started into production Units in process, July 31 (materials 100% complete; conversion des complete) Cost data: Work in process inventory, July 1: Materials cast Conversion cost Cost added during the month: Materials cost Conversion cost eBook...
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: 10,000 170,000 20,000 Production data: Units in process, July 1 (materials 100% complete; conversion 30% complete) Units started into production Units in process, July 31 (materials 100% complete; plete; conversion 40% complete) Cost data: Work in process inventory, July 1: Materials cost Conversion cost Cost added during the month: Materials cost Conversion cost $ $...
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 308 complete) 10,000 Units started into production 170,000 Units in process, July 31 (materials 100% complete; conversion 40% complete) 20,000 Cost data: Work in process inventory, July 1: Materials cost $ 8,500 Conversion coat $ 4,900 Cost added during the month Materials cost $...
Check my work Problem 5-15 Comprehensive Problem-Weighted Average Method [LO5-2, LO5-3, LO5-4, LO5-5) points 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. Skipped...
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...
Problem 4-15 Comprehensive Problem-Weighted-Average Method (L04-2, LO4-3, LO4-4, LO4-5) 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...
9 Problem 4-15 (Static) Comprehensive Problem-Weighted Average Method (L04-2, LO4-3, L04-4, LO4-5) 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 julces are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations the Blending Department for June. Percent Completed Units Materials Conversion...
Problem 4-15 Comprehensive Problem-Weighted Average Method (LO4-2, LO4-3, LO4.4, LO4-5) 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%...
Problem 5-15 Comprehensive Problem-Weighted Average Method [LO5-2, LO5-3, LO5-4, LO5-5) 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...