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All below information is what was provided in the question Cool Spring Company produces premium bottled water. In the second department, the Bottling Department, conversion
All below information is what was provided in the question
Cool Spring Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred in costs of $2,000, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow: (Click the icon to view the data.) Data table (Complete all input ion used: EUP = Cool Spring Company Production Cost Report - Bottling Department Month Ended March 31, 2024 \begin{tabular}{cccc} & \multicolumn{3}{c}{ Equivalent Units } \\ \cline { 2 - 4 } Physical & Transferred & Direct & Conversion \\ Units & In & Materials & Costs \\ \hline \end{tabular} Units to account for: \begin{tabular}{l} \hline Beginning work-in-process \\ \hline Transferred in \\ Total units to account for \\ Units accounted for: \\ \hline Completed and transferred out \\ \hline Ending work-in-process \\ Total units accounted for \end{tabular} \begin{tabular}{cccc} Transferred & Direct & Conversion & Total \\ In & Materials & Costs & Costs \\ \hline \end{tabular} Costs to account for: Beginning work-in-process Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Requirement 2. Post all transactions to the Work-in-Process Inventory-Bottling T-account. What is the ending balance? Enter the beginning balance, "Bal. Feb. 28", and then post all transactions to the Work-in-Process Inventory-Bottling T-account using the appropriate descriptions as posting references. Calculate and enter the ending balance of the account, "Bal. Mar. 31", on the appropriate side of the T-accountStep by Step Solution
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