er 12 - Problems con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect..... Q* Saved Help Save & Ex Fanning Cola Corporation produces a new soft drink brand, Sweet Spring, using two production departments: mixing and bottling. Fanning's beginning balances and data pertinent to the mixing department's activities for Year 2 follow: 27:01 Accounts Cash Raw materials inventory Production supplies Beginning Balances $ 50,900 14,300 100 ed Work in process inventory (370,000 units) Common stock 44,400 $109,700 ok 1. Fanning Cola issued additional common stock for $55,000 cash. 2. The company purchased raw materials and production supplies for $63,570 and $600, respectively, in cash. 3. The company issued $65,740 of raw materials to the mixing department for the production of 700,000 units of Sweet Spring that were started in Year 2. A unit of soft drink is the amount needed to fill a bottle. 4. The mixing department used 2,000 hours of labor during Year 2, consisting of 1,800 hours for direct labor and 200 hours for indirect labor. The average wage was $9.40 per hour. All wages were paid in Year 2 in cash. 5. The predetermined overhead rate was $1.50 per direct labor hour. 6. Actual overhead costs other than indirect materials and indirect labor for the year amounted to $680, which was paid in cash. 7. The mixing department completed 700,000 units of Sweet Spring. The remaining inventory was 30 percent complete. 8. The completed soft drink was transferred to the bottling department. 9. The ending balance in the Production Supplies account was $560. Required a. Determine the number of equivalent units of production. b. Determine the product cost per equivalent unit. c. Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling department. d. Record the transactions in T-accounts. Complete this question by entering your answers in the tabs below. < Prev 3 of 4 Next Chec er 12 - Problems con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect..... Q* Saved Help Save & Ex Fanning Cola Corporation produces a new soft drink brand, Sweet Spring, using two production departments: mixing and bottling. Fanning's beginning balances and data pertinent to the mixing department's activities for Year 2 follow: 27:01 Accounts Cash Raw materials inventory Production supplies Beginning Balances $ 50,900 14,300 100 ed Work in process inventory (370,000 units) Common stock 44,400 $109,700 ok 1. Fanning Cola issued additional common stock for $55,000 cash. 2. The company purchased raw materials and production supplies for $63,570 and $600, respectively, in cash. 3. The company issued $65,740 of raw materials to the mixing department for the production of 700,000 units of Sweet Spring that were started in Year 2. A unit of soft drink is the amount needed to fill a bottle. 4. The mixing department used 2,000 hours of labor during Year 2, consisting of 1,800 hours for direct labor and 200 hours for indirect labor. The average wage was $9.40 per hour. All wages were paid in Year 2 in cash. 5. The predetermined overhead rate was $1.50 per direct labor hour. 6. Actual overhead costs other than indirect materials and indirect labor for the year amounted to $680, which was paid in cash. 7. The mixing department completed 700,000 units of Sweet Spring. The remaining inventory was 30 percent complete. 8. The completed soft drink was transferred to the bottling department. 9. The ending balance in the Production Supplies account was $560. Required a. Determine the number of equivalent units of production. b. Determine the product cost per equivalent unit. c. Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling department. d. Record the transactions in T-accounts. Complete this question by entering your answers in the tabs below. < Prev 3 of 4 Next Chec