Clear Spring Company produces premlum bottled water. In the second department. the Bottllng 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-Prooess Inventory include transferred in costs of $1.900, direct labor of $700, and manufacturing overhead of $330. March data for the Bottling Department follow: a (Click the icon to view the data.) Read the @uirements. Requirement 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method. (Complete all input elds. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Clear Spring Company Production Cost Report - Bottling Department Month Ended March 31, 2024 Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units to account for: Total units to account for Units accounted for: _:{: Transferred Direct Conversion Total COSTS In Materials Costs Costs Costs to account for: Total units accounted for M M | l | | ,.,',\", Clear 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 Workin-Process Inventory include transferred in costs of $1 ,900, direct labor of $700, and manufacturing overhead of $330. March data for the Bottling Department follow: a (Click the icon to view the data.) Read the Equirements. |___l_ I:___l_ Total units accounted for = = =l Transferred Direct Conversion Total COSTS In Materials Costs Costs Costs to account for: Total costs to account for |___ Cost per equivalent unit Cosm accounted for: I | | Total costs accounted for Requirement 2. Prepare the journal entry to record the cost of units completed and transferred out. (Record debits rst, then credits. Exclude explanations from journal entries.) Credit Accounts Mar. 31 Clear 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 $1 .900, direct labor of $700, and manufacturing overhead of $330. March data for the Bottling Department follow: a (Click the icon to view the data.) Read the muirements. Total costs to account for l ll Cost per equivalent unit : :J Costs accounted for: | | Total costs accounted for I Requirement 2. Prepare thejoumal entry to record the cost of units completed and transferred out. (Record debits rst, then credits. Exclude explanations from journal entries.) Credit Mar. 31 Requirement 3. Post all transactions to the Work-in-Prooess InventoryBottling Tacoount. What is the ending balance? Enter the beginning balance. 'Bal. Feb. 28'. and then post all transactions to the Work-in-Process InventoryBottling 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-aocount. Work-in-Process InventoryBottling | l Data table Clear Spring Company Work-in-Process InventoryBottling Month Ended March 31, 2024 Dollars Transferred Direct Direct Manufacturing Total U n its In Materials Labor Overhead Costs BeHinnin inventory, Mar. 1 (40% complete) 9,000 $ 1,900 700 $ 330 $ 2,930 Production started 166,000 134,600 $ 30,400 33,800 15,600 214,400 Transferred out 152.000 Ending inventory, Mar. 31 (70% complete) 23.000