0 Coco Caola Company makes natural energizing drinks. Production occurs in two phases: The mixing department and the bottling department. The weighted average costing method of process costing is being used. The following information is available for the bottling department. Current account balances as per GL (unadjusted - these may be incorrect): Work in process, December 31 (materials 100% complete, conversion 60% complete) Finished goods, December 31 Costs Units 42,000 $ 77,000 47,000 $ 130,500 1 2 Additional more detailed cost record information: 3 Units Costs 4. 5 Work in process, opening balance, Jan 1 6 (materials 100% complete, conversion 50% complete) 7 Started into production Costs added during the year 9 Units completed during the year Materials Conversion 37,000 $ 39,000 $ 65,000 855,000 $ 767,000 $2,170,000 850,000 0 1 There were no finished goods inventories at the beginning of the year. 2. 3 4 Required: 5 A. Based on the additional detailed cost record information shown above, calculate the correct amount of cost that should be assigned to the ending work in process and finished goods inventories 6 Note: Please round your cost per EUP to two places after the decimal point! 7 B. Compare the current GL balances for WIP and FG inventories with the correct account balances that you calculated in part (A) above. Post the necessary adjusting entry to correct the GL