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E18-27 (similar to) Question Help Clear Spring Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout
E18-27 (similar to) Question Help Clear 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 $1,100, direct labor of $500, and manufacturing overhead of $430. March data for the Bottling Department follow EEB(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 uses the weighted-average method. (Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dol lar. Abbreviation used: EUP = equivalent units of production.) Clear Spring Company Production Cost Report- Bottling Department Month Ended March 31, 2018 Equivalent Un its Physical Transferred Direct Conversion Units In Costs UNITS Materials Units to account for: Beginning work-in-process 1100 Tennalarred in Data Table Clear Spring Company Work-in-Process Inventory-Bottl ing Month Ended March 31, 2018 Dollars Transferred Direct Direct Manufacturing Units In Materials Labor Overhead Total Costs Beginning inventory, Mar. 1 (40% complete) 500 $ 430 $ 9,000 $ 1,100 2,030 33,000 33,500 Production started 161,000 133,200 $ 22,970 222,670 150,000 Transferred out Ending inventory, Mar. 31 (70% complete) 20,000 Done Print
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