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Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It makes blended tropical fr
Sunspot Beverages, Ltd., of Fyl uses the weighted average method in its process costing system. It makes blended tropical fru
Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It makes blended tropical fr
Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It makes blended tropical fr
Sunspot Beverages, Ltd., of Fiji uses the weighted average method in its process costing system. It makes blended tropical fr
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Answer #1
1) Equivalent Units of Production (EUP) - Weighted Average Method
Units % Mat. EUP- Mat. % Conv. EUP- Conv.
Units completed and transferred out 510000 100% 510000 100% 510000
Units in ending inventory 120000 75% 90000 25% 30000
Equivalent units of production 600000 540000
2) Cost per Equivalent Unit of Production
Materials Conversion
Beginning costs $      48,100.00 $   17,900.00
During the month costs $    515,900.00 $ 381,700.00
Total cost Costs $    564,000.00 Costs $ 399,600.00
÷ Equivalent units of production EUP 600000 EUP 540000
Cost per equivalent unit of production $                0.94 $             0.74
3) Cost of ending work in process EUP Cost/ EUP Total Cost
Direct Materials 90000 $      0.94 $      84,600.00
Conversion 30000 $      0.74 $      22,200.00
Total cost of ending work in process $    106,800.00
4) Cost of units transferred out EUP Cost/ EUP Total Cost
Direct Materials 510000 $      0.94 $    479,400.00
Conversion 510000 $      0.74 $    377,400.00
Total costs transferred out $    856,800.00
5) Cost Reconciliation
Beginning Material $      48,100.00
Beginning Conversion $      17,900.00
Current Material $    515,900.00
Current Conversion $    381,700.00
Total costs to account for $    963,600.00
Total costs accounted for $    963,600.00

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