Continuation of S4-19 and S4-20: assign costs in second department (Learning Objective 4) Refer to the Polar

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Continuation of S4-19 and S4-20: assign costs in second department

(Learning Objective 4)

Refer to the Polar Springs Bottling Department Data Set and your answers to S4-19 and 4-20. Complete Step 5 of the process costing procedure: assign costs to units completed and to units in ending inventory. Your answer should look similar to Exhibit 4-14.

Polar Spring produces premium bottled water. The preceding Short Exercises considered Polar Spring’s first process—filtration. We now consider Polar Spring’s second process—bottling. In the Bottling Department, workers bottle the filtered water and pack the bottles into boxes. Conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process.
February data from the Bottling Department follow:

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Managerial Accounting

ISBN: 9780138129712

1st Edition

Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.

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