Determine the equivalent units for june

Assignment Help Accounting Basics
Reference no: EM13971357

Sunspot Beverages, Ltd., of Fiji 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 20,000 100% 75%

Started into production 180,000

Completed and transferred out 160,000

Work in process, ending 40,000 100% 25%

Materials Conversion

Work in process, beginning $ 25,200 $ 24,800

Cost added during June $ 334,800 $ 238,700

Required:

Assume that the company uses the weighted-average method.

1. Determine the equivalent units for June for the Blending Department.

2. Compute the costs per equivalent unit for the Blending Department. (Round your answers to 2 decimal places.)

3.Determine the total cost of ending work in process inventory and the total cost of units transferred to the Bottling Department.

4. Prepare a cost reconciliation report for the Blending Department for June.

Reference no: EM13971357

Questions Cloud

Testing for the difference in the mean delivery times : You and some friends have decided to test the validity of an advertisement by a local pizza restaurant, which says it delivers to the dormitories faster than a local branch of a national chain.
Explain earths magnetism in detail : Explain Earths Magnetism in detail?
Benchmark price-sales ratio for the company : If the benchmark price-sales ratio for the company is 5.4, how much will you pay for the stock? If the benchmark price-sales ratio for the company is 4.8, how much will you pay for the stock?
Theory of industrial organization : True, false, or uncertain: If all firms in an industry of N firms have identical constant marginal costs and no fixed costs of production, no two firms in the industry will have an incentive to merge.
Determine the equivalent units for june : Determine the total cost of ending work in process inventory and the total cost of units transferred to the Bottling Department
Annual basis-oil-based painting : Assume that you will keep and maintain the house for 10 years. At an interest rate of 10%, which of the following statements is correct: 1. On an annual basis, oil-based painting will cost about $850
Determine periodic cash inflows from the lessee : 1. From the following statements, identify the steps invovlved in a lease analysis from a lessor's perspective. CHECK ALL THAT APPLY, MORE THEN ONE ANSWER CAN BE CORRECT a. Determine periodic cash inflows from the lessee b. Determine the invoice pr..
How should the court rule : In response to the complaint, BAPCO and Barnes-Wentworth both filed motions to dismiss for lack of personal jurisdiction. How should the court rule
Single-index model regression : Two portfolio managers use different procedures to estimate alpha. One uses a single-index model regression, the other the Fama-French model. Other things being equal, would you prefer the portfolio with the larger alpha based on the index model o..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Te selling price of the companys product is 1800 per unit

complete the following three exercises and submit to your instructor. be sure to show your work for calculations to

  The shareholders equity of core technologies company on

the shareholders equity of core technologies company on june 30 2010 included the following common stock 1 par

  Flip company purchased equipment on july 1 2011 for 90000

flip company purchased equipment on july 1 2011 for 90000. it is estimated that the equipment will have a 5000 salvage

  The sec guideline for financial statement reports requires

the sec guideline for financial statement reports requires both the management discussion and analysis section and

  Assume select made no adjusting entry with respect to this

on september 1 2011 select company borrowed 600000 from a bank and signed a 12 six-month note payable with interest on

  These costs include fixed costs of 800000 and variable

amazon beverages produces and bottles a line of soft drinks using exotic fruits from latin america and asia. the

  Easton co produces its product through a single processing

easton co. produces its product through a single processing department. direct materials are added at the start of

  Provide additional information from the accounting records

Additional information from the accounting records

  When deciding on what costs to capitalize what type

when deciding on what costs to capitalize what type criteria should you use? select a type of asset classification i.e.

  Projects having payback period

Bonds uses a discount rate of 11 percent and wants projects to have a payback period of no longer than five years. Present value tables or a financial calculator are required.

  Mbi inc had sales of 1416 million for fy 2010 the companys

mbi inc. had sales of 141.6 million for fy 2010. the companys gross profit ratio for that year was 31.6assume that a

  The management of ballard microbrew is considering the

the management of ballard microbrew is considering the purchase of an automated bottling machine for 120000. the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd