Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sunspot beverages, ltd., of fiji makes blended tro

Sunspot Beverages, Ltd., of Fiji makes blended tropical fruit drinks in two stages. Fruit juices are...

50.1K

Verified Solution

Question

Accounting

Sunspot Beverages, Ltd., of Fiji makes blended tropical fruitdrinks in two stages. Fruit juices are extracted from fresh fruitsand then blended in the Blending Department. The blended juices arethen bottled and packed for shipping in the Bottling Department.All materials are added by the extraction department. The followinginformation pertains to the operations of the Blending Departmentfor June.

UNITSPercentages
Workin Process, beginning2000075 % complete
Started into production180000
Workin process - ending4000025 % complete
MaterialsConversion
Workin Process, beginning$25200$24800
Costadded during June$334800$238700

Assume that the company uses the FIFOmethod.

Required:

  

Determine the equivalent units for conversion cost in June forthe Blending Department.

Determine the cost per equivalent unit for material cost in Junefor the Blending Department.

Determine the cost per equivalent unit for conversion cost inJune for the Blending Department.

Determine the cost of units transferred-out in June for theBlending Department.

Determine the value of the ending work in process inventory inJune for the Blending Department.

Answer & Explanation Solved by verified expert
4.5 Ratings (703 Votes)
All working forms part of the answer Requirement 1 Equivalent units EUP FIFO Method Units Material EUP Materials Conversion EUP Conversion Units of ENDING WIP 40000 100 40000 25 10000 Units STARTED COMPLETED 140000 100 140000 100 140000 Units of beginning WIP    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A random sample of 89 tourist in the Chattanooga showed that they spent an average of...

Statistics
Q

Reports suggest that the average credit card debt for recent college graduates is $3000. FedLoan Servicing...

Statistics
Q

Can someone explain REM rebound to me? For example, is it true that after 5 hours...

Medical Sciences
Q

If we recreated the scene from Fast & Furious 7 and dropped a Challenger SRT® Hellcat...

Physics
Q

1. You’re assessing a newborn that has a blue-ish skin tone, that has a weak cry,...

Psychology
Q

The length of a magnetic circuit of a relay is 25 cm and the cross-sectional area...

Electrical Engineering
Q

In the lab you use a special balloon that is permeable to water but not...

Biology
Q

Read the following list Immigrants Protective League Juvenile Protective Association Juvenile Psychopathic Clinic What do...

Biology
Q

circuit is in unbalanced condition as potential difference is same across ends of wire Although...

Physics
Q

at a height of 24 feet If the distance from the bottom of the ramp...

Geometry
Q

In Year 1, Mark purchased 100 shares of Roman, Inc., for $10 per share. In...

Accounting
Q

Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income [LO11-1, LO11-2] Financial data for...

Accounting