(Solution) - Refer to the data for the Blending Department of Sunspots -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Refer to the data for the Blending Department of Sunspots Beverages, Ltd., in Problem 4?13. Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system.
Required:
1. Determine the equivalent units for June for the Blending Department.
2. Compute the costs per equivalent unit for June for the Blending Department.
3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Blending Department in June.
4. Prepare a cost reconciliation report for the Blending Department for June.