Refer to the Arctic Springs Bottling Department Data Set. Complete Step 5 of the process costing procedure:
Question:
Refer to the Arctic Springs Bottling Department Data Set. Complete Step 5 of the process costing procedure: Assign costs to units completed and to units in ending inventory.
Arctic Springs produces premium bottled water. The preceding Short Exercises considered the first process in bottling premium water—Filtration. We now consider Arctic Springs’
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.
December data from the Bottling Department follow:
The Filtration Department completed and transferred out 160,000 liters at a total cost of \($148,000\).
Step by Step Answer: