- 12 HW Fanning Cola Corporation produces a new soft drink brand, Sweet Spring, using two production departments mbing and bottling Fanning's beginning balances and data pertinent to the mixing department's activities for 2018 follow Accounts Cash Raw materials inventory Production supplies Work in process inventory (390,000 units) Common stock Beginning Balances $ 45,000 14,900 188 46,880 $183,100 1. Fanning Cola issued additional common stock for $55.000 cash. 2. The company purchased raw materials and production supplies for $25,920 and $700, respectively, in cash. 3. The company issued $28.800 of raw materials to the mixing department for the production of 500,000 units of Sweet Spring that were started in 2018. A unit of soft drink is the amount needed to fill a bottle. 4. The mixing department used 2,300 hours of labor during 2018, consisting of 2,100 hours for direct labor and 200 hours for indirect labor. The average wage was $9.40 per hour. All wages were paid in 2018 in cash. 5. The predetermined overhead rate was $1.60 per direct labor hour. 6. Actual overhead costs other than indirect materials and indirect labor for the year amounted to $1,240, which was paid in cash 7. The mixing department completed 600,000 units of Sweet Spring. The remaining inventory was 20 percent complete 8. The completed soft drink was transferred to the bottling department 9. The ending balance in the Production Supplies account was $560. Required a. Determine the number of equivalent units of production b. Determine the product cost per equivalent unit c. calculate the total cost allocated between the ending work in process inventory and units transferred to me d. Record the transactions in T-accounts 6 9. The ending balance in the Production Supplies account was $50. Required 28 Ints a. Determine the number of equivalent units of production b. Determine the product cost per equivalent unit. c. Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling dep d. Record the transactions in T-accounts. eBook Print Complete this question by entering your answers in the tabs below. References Req A and B ReqC Reg D Determine the number of equivalent units of production. Determine the product cost per equivalent unit. (Round "Cost per equivalent unit" answer to 2 decimal places.) a. Equivalent units b. Cost per equivalent unit Reqc > 6 9. The ending balance in the Production Supplies account was 560 Required a. Determine the number of equivalent units of production b. Determine the product cost per equivalent unit. c. Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling d. Record the transactions in T-accounts. eBook Print Complete this question by entering your answers in the tabs below. erences Reg A and B ReqC ReqD RegD Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling department. (Round intermediate calculations to 2 decimal places.) Cost Allocation To the bottling department To ending work-in-process inventory Total allocated cost Not 12 HW Req A and B Reg C ReqD Record the transactions in T-accounts. (The cash expenditures in events No. 2 and No. 4 sho amount in the cash account for each event. Round intermediate calculations to 2 decimal pla Cash Raw Materials Beg bal. Beg. bal. End, hal End, bal Work in process Mixing Work in process Bottling Beg. bal. Beg bal. End bal End bal Manufacturing Overhead Beg bal Production Supplies Beg ball End bal 6 9. The ending balance in the Production Supplies account was 560 Required a. Determine the number of equivalent units of production b. Determine the product cost per equivalent unit. c. Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling d. Record the transactions in T-accounts. eBook Print Complete this question by entering your answers in the tabs below. erences Reg A and B ReqC ReqD RegD Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling department. (Round intermediate calculations to 2 decimal places.) Cost Allocation To the bottling department To ending work-in-process inventory Total allocated cost Not 12 HW Req A and B Reg C ReqD Record the transactions in T-accounts. (The cash expenditures in events No. 2 and No. 4 sho amount in the cash account for each event. Round intermediate calculations to 2 decimal pla Cash Raw Materials Beg bal. Beg. bal. End, hal End, bal Work in process Mixing Work in process Bottling Beg. bal. Beg bal. End bal End bal Manufacturing Overhead Beg bal Production Supplies Beg ball End bal