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Clear Water Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging
Clear Water 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 $1,600, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow: (Click the icon to view the data.) Read the requirements 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 fields. 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 Water Company Production Cost Report - Bottling Department Month Ended March 31, 2024 Equivalent Units Physical Transferred UNITS Units In Direct Materials Conversion Costs Units to account for Total units to account for Units accounted for: Total units accounted for Data table Clear Water Company Work-in-Process Inventory-Bottling Month Ended March 31, 2024 Dollars Units Transferred In Direct Direct Materials Labor Manufacturing Total Overhead Costs Beginning inventory, Mar. 1 (40% complete) Production started 17,000 $ 163,000 1,600 600 $ 137,000 $ 27,900 33,800 $ 530 $ 2,730 27,170 225,870 Transferred out 155,000 Ending inventory, Mar. 31 (70% complete) 25,000 Print Done
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