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 $1,700, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow EE(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 amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent Data Table Requirements Cool Spring Company Work-in-Process Inventory-Bottling 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method Prepare the journal entry to record the cost of units completed and transferrred out Month Ended March 31, 2018 Dollars 2. Manufacturing Transferred Direct Direct Post all transactions to the Work-in-Process Inventory-Bottling T-account. What is the ending balance? Materials Labor Overhead Units In Total Costs Beginning inventory, Print Done Mar. 1 (40% complete) 15,000 $ 1,700 $ 600 $ 530 $ 2,830 136,900 $ 27,770 Total units to account for Production started 165,000 27,900 33,200 225,770 Transferred out 155,000 Units accounted for Ending inventory, Mar. 31 (70% complete) 25,000 Print Done Total units accounted for ? Choose from any list or enter any number in the input fields and then click Check Answer. 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 $1,700, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow EE(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 amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent Data Table Requirements Cool Spring Company Work-in-Process Inventory-Bottling 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method Prepare the journal entry to record the cost of units completed and transferrred out Month Ended March 31, 2018 Dollars 2. Manufacturing Transferred Direct Direct Post all transactions to the Work-in-Process Inventory-Bottling T-account. What is the ending balance? Materials Labor Overhead Units In Total Costs Beginning inventory, Print Done Mar. 1 (40% complete) 15,000 $ 1,700 $ 600 $ 530 $ 2,830 136,900 $ 27,770 Total units to account for Production started 165,000 27,900 33,200 225,770 Transferred out 155,000 Units accounted for Ending inventory, Mar. 31 (70% complete) 25,000 Print Done Total units accounted for ? Choose from any list or enter any number in the input fields and then click Check
