Refer to the Cold Springs Filtration Department Data Set and your answer to S5-15 and S5-16. Complete Step 5 of the process costing procedure: Assign costs to units completed and to units in ending inventory. Prepare a schedule that answers the following questions.

1. What is the cost of the 150,000 liters completed and transferred out of the Filtration Department?

2. What is the cost of 75,000 liters remaining in the Filtration Department's ending work in process inventory?

Cold Springs produces premium bottled water. Cold Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes:

• Filtration, where workers micro-filter and ozonate the water

• Bottling, where workers bottle and package the filtered water

During November, the filtration process incurs the following costs in processing 225,000 liters:

Wages of workers operating the filtration equipment................................ $ 12,800

Wages of workers operating ozonation equipment.................................... $ 14,400

Manufacturing overhead allocated to filtration......................................... $ 38,050

Water......................................................................................................... $ 148,500

Cold Springs has no beginning inventory in the Filtration Department.