Cool 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 $2,000, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow: 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? Cool Spring Company Work-in-Process Inventory-Bottling Month Ended March 31, 2024 Dollars Transferred Direct Direct Manufacturing Units In Materials Labor Overhead Total Costs Beginning inventory, Mar. 1 (40% complete) 13,000 $ 2,000 $ 600 $ 530 $ 3,130 Production started 167,000 136,600 $ 27,900 33,300 27,670 225,470 Transferred out 155,000 Ending inventory, Mar. 31 (70% complete) 25,000