Arctic Springs produces premium bottled water. Arctic Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. At Arctic Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. During December, the filtration process incurred the following costs in processing 200,000 liters: (Click the icon to view the costs.) (Click the icon to view the first two steps of the process costing procedure.) (Click the icon to view the third and fourth steps of the process costing procedure.) Complete Step 5 of the process costing procedure: Assign costs to units completed and to units in ending inventory. Prepare a schedule that answers the following questions. 1. What is the cost of the 160,000 liters completed and transferred out of the Filtration Department? 2. What is the cost of 40,000 liters remaining in the Filtration Department's ending work in process inventory? 1. What is the cost of the 160,000 liters completed and transferred out of the Filtration Department? (Round your answers to the nearest whole dollar. Enter quantities first, then other amounts in the same order as presented.) Arctic Springs Fitration Department Assigning Costs Direct Materials Conversion Costs Total Completed and transferred out: process inventory? (Round your answers to the nearest whole dollar. Enter quantities first, then other amounts in the same order as presented.) Costs assigned to units completed and transferred out 2. What is the cost of 40,000 liters remaining in the Filtration Department's ending work Arctic Springs Fitration Department Assigning Costs Arctic Springs produces premium bottled water. Arctic Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. At Arctic Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. During December, the filtration process incurred the following costs in processing 200.000 liters: (Click the icon to view the costs.) (Click the icon to view the first two steps of the process costing procedure.) Click the icon to view the third and fourth steps of the process costing procedure.) Complete Step 5 of the process costing procedure: Assign costs to units completed and to units in ending inventory. Prepare a schedule that answers the following questions. 1. What is the cost of the 160,000 liters completed and transferred out of the Filtration Department? What is the cost of 40,000 liters remaining in the Filtration Department's ending work in process inventory? Materials Costs Total Completed and transferred out: 2 Costs assigned to units completed and transferred out 2. What is the cost of 40,000 liters remaining in the Filtration Department's ending work in process inventory? (Round your answers to the nearest whole dollar. Enter quantities first, then other amounts in the same order as presented.) Arctic Springs Fitration Department Assigning Costs Direct Conversion Materials Costs Total Ending work in process: Costs assigned to units in ending work in process, December 31 i X Data Table $ 9,380 Wages of workers operating the filtration equipment... Wages of workers operating ozonation equipment. Manufacturing overhead allocated to filtration $ 9,300 e $ 24,000 Water. $ 120,000 Print Done Ivaldi Tais USIS Total tsl X Reference bu m Arctic Springs Filtration Department Cost per Equivalent Unit Direct Conversion Flow of Production Materials Costs Enl es Beginning work in process, December 1 0 0 $ 120,000 Plus: Costs added during December 42,680 Total costs to account for 120,000 200,000 42,680 194,000 Divided by: Total equivalent units $ 0.60 $ 0.22 Cost per equivalent unit Print Done Reference Arctic Springs Filtration Department Flow of Physical Units and Computation of Equivalent Units Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Beginning work in process, December 1 0 200,000 Plus: Started in production during December 200,000 Total physical units to account for Units accounted for: Completed and transferred out 160,000 40,000 160,000 40,000 160,000 34,000 Plus: Ending work in process, December 31 200,000 Total physical units accounted for 200,000 194,000 Total equivalent units Print Done Done OTASIO