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.
Work in process, beginning
Started into production
Work in process, ending
Completed and transferred out
Units
46,000
248,000
238,000
56,000
Percent Completed
Materials Conversion
70%
40%
75%
25%
Materials Conversion
Work in process, beginning
Cost added during June
$\hspace{0.2cm}15,100 \hspace{0.2cm} $\hspace{0.2cm}4,400
$\hspace{0.2cm}161,300 \hspace{0.2cm} $\hspace{0.2cm}93,880
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.
