Cold Springs produces premium bottled water. Cold Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. At Cold Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. Cold Springs has no beginning inventories. During May, 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 assignment of costs.) 1. Record the journal entry to transfer the cost of the 160,000 liters completed and transferred out of the Filtration Department and into the Bottling Department. 2. Record all of the transactions in the "Work in Process Inventory Filtration" T-account. 1. Record the joumal entry to transfer the cost of the 160,000 liters completed and transferred out of the Filtration Department and into the Bottling Department. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Data table Wages of workers operating the filtration equipment Wages of workers operating ozonation equipment Manufacturing overhead allocated to filtration ..... Water Print Done Clear all Check answer 8,940 S 9,300 S 24,000 S 120,000 S X Reference Cold Springs Filtration Department Assigning Costs Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out Ending work in process: Equivalent units in ending work in process, May 31 Multiplied by: Cost per equivalent unit Costs assigned to units in ending work in process, May 31 Total costs accounted for Print Done Direct Conversion Materials Costs $ $ $ $ 160,000 0.60 $ 96,000 $ 40,000 0.60 $ 24,000 $ Total 160,000 0.22 35,200 $ 131,200 32,000 0.22 31,040 7,040 $ 162,240 I X