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Cool and Clear Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but
Cool and Clear 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 $1,100, direct labor of $700, and manufacturing overhead of $330. March data for the Bottling Department follow: (Click the icon to view the data.) Read the requirements. Requirements x the weighted-average method. (Complete nts to the nearest whole dollar. Abbreviation 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted average method. 2. Prepare the journal entry to record the cost of units completed and transferred out. 3. Post all transactions to the Work-in-Process InventoryBottling T-account. What is the ending balance? Print Done X Data Table Cool and Clear Company Work-in-Process Inventory-Bottling Month Ended March 31, 2018 Dollars Transferred Direct Direct Manufacturing Units In Materials Labor Overhead Total Costs Beginning inventory, Mar. 1 (40% complete) 11,000 $ 1,100 $ 700 $ 330 $ 2,130 Production started 164,000 135,400 $ 30,400 33,200 16,200 215,200 Transferred out 152,000 Ending inventory, Mar. 31 (70% complete) 23,000
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