E Homework: Chapter M:3 Homework Question 5. Instructor-cr... HW Score: 4.9%, 4.9 of 100 points O Points: 0 of 20 Save Spring 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 $1,500, direct labor of $700, and manufacturing overhead of $330. March data for the Bottling Department follow E (Click the icon to view the data.) 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 "O" 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) - Data Table Spring Water Company Production Cost Report - Bottling Department Month Ended March 31, 2024 Equivalent Units Physical Transferred Direct Conversion Units In Materials Costs UNITS Units to account for: Spring Water Company Work-in-Process Inventory Bottling Month Ended March 31, 2024 Dollars Transferred Direct Units In Materials Beginning inventory, Mar. 1 (40% complete) 12,000 S 1.500 Production started 163,000 135,000 $ 30,400 Transferred out 152,000 Ending inventory, Mar 31 (70% complete) 23,000 Direct Manufacturing Total Labor Overhead Costs S 700 $ 330 $ 2,530 33,800 15,600 214,800 Total units to account for Units accounted for Total units accounted for Print Done Calculator Ask My Instructor Print Clear All Check Answer Requirement 2. Post all transactions to the Work-in-Process InventoryBottling T-account. What is the ending balance? Enter the beginning balance, "Bal. Feb. 28", and then post all transactions to the Work-in-Process InventoryBottling T-account using the appropriate descriptions as posting references. Calculate and enter the ending balance of the account, "Bal. Mar. 31", on the appropriate side of the T-account. Work-in-Process InventoryBottling Calculator Ask My Instructor Print Clear All Check