Question

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 Started into production Completed and transferred out Work in process, ending 94,000 452,000 442,000 104,000 70% 40% 75% 25% Materials Conversion $ 37,700 13,700 $404,300 290,500 Work in process, beginning Cost added during June Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in June 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June 5. Prepare a cost reconciliation report for the Blending Department for June

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Answer 1

1
	Materials	Conversion
Units completed and transferred out	442000	442000
Ending work in process	78000	26000
Equivalent units of production	520000	468000
2
	Materials	Conversion
Cost of beginning work in process	37700	13700
Costs incurred this period	404300	290500
Total costs	442000	304200
÷ Equivalent units of production	520000	468000
Cost per equivalent unit	0.85	0.65
3
	Materials	Conversion	Total
Units in Ending work in process inventory	78000	26000
X Cost per equivalent unit	0.85	0.65
Cost of Ending work in process inventory	66300	16900	83200
4
	Materials	Conversion	Total
Units completed and transferred out	442000	442000
X Cost per equivalent unit	0.85	0.65
Cost of units completed and transferred out	375700	287300	663000
5
Blending Department
Cost Reconciliation
Costs to be accounted for:
Cost of beginning work in process inventory	51400
Costs added to production during the period	694800
Total Cost to be accounted for	746200
Costs accounted for as follows:
Cost of ending work in process inventory	83200
Cost of units completed and transferred out	663000
Total Cost accounted for	746200