18 Fanning Cola Corporation produces a new soft drink brand, Sweet Spring, using two production departments: mixing and bottling Fanning's beginning balances and data pertinent to the mixing department's activities for 2018 follow: Beginning Accounts Balances 48,000 14,600 Cash Raw materials inventory Production supplies Work in process inventory (360,000 units) 100 43,200 95,700 Common stock 1. Fanning Cola issued additional common stock for $56,000 cash. 2. The company purchased raw materials and production supplies for $24,380 and $700, respectively, in cash. 3. The company issued $26,840 of raw materials to the mixing department for the production of 600,000 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 2,200 hours of labor during 2018, consisting of 2,000 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 $1,070, which was paid in cash 7. The mixing department completed 600,000 units of Sweet Spring. The remaining inventory was 30 percent complete 8. The completed soft drink was transferred to the bottling department. 9. The ending balance in the Production Supplies account was $550. 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 department. d. Record the transactions in T-accounts 18 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 department. d. Record the transactions in T-accounts. Complete this question by entering your answers in the tabs below Req C Req A and B Req 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 Req A and B Req C 18 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 department. d. Record the transactions in T-accounts. Complete this question by entering your answers in the tabs below Req A and BReq c Req D 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 Req A and B Req D ) 18 Req D Req A and B Req C Record the transactions in T-accounts. (The cash expenditures in events No. 2 and No. 4 should be combined into a single amount in the cash account for each event. Round intermediate calculations to 2 decimal places.) Cash Raw Materials Beg. bal Beg. bal End. bal End. bal Work in process Mixing Work in process Bottling Beg. bal Beg. bal End. bal End. bal. Manufacturing Overhead Production Supplies Beg. bal Beg, bal End. bal End. bal Manufacturing Overhead Production Supplies Beg. bal Beg. bal End. bal End. bal. Common Stock Beg. bal End. bal Req D