Q2 - Question 2 PhysioSports Co. Blending Department For...

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Question 2PhysioSports Co.Blending DepartmentFor the Month Ending July, 31a)Equivalent units of production for the Blending department:Physical UnitsFlow of UnitsUnits to be accounted for:In work- in- process beginninginventory7,000Units started this period30,000Total units to account for37,000Equivalent UnitsTransferred inCostsMaterial CostsConversionCostsUnits accounted for:Completed and transferred outa.34,000a.34,000a.34,000In work- in- process endinginventory3,000Materialb.0Conversion Costc.1,200Total units accounted for37,00034,00035,200a.34,000 EU= 37,000 EU- 3,000 EUb.No material addedc.40% complete with respect to conversion (40% x 3,000 EU)b)Cost per unit in the Blending department for the month of July:CostTotalCostsTransferred inCostsMaterial CostsConversionCostsFlow of CostsCosttobeaccounted for:Cost in WIPbeginninginventory$86,160a.$10,780$5,920b.$6,550CurrentCostPeriod23,25048,10020,810c.17,250Total costs to beaccounted for
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Blending Department

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