Fresh 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 $2,000, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow: (Click the icon to view the data.) Read the requirements. Data table Divided by: Total EUP 180,000 0.77 $ 155.000 172,500 0.18 $ 0.36 Fresh Water Company Work-in-Process Inventory-Bottling Cost per equivalent unit Month Ended March 31, 2024 Costs accounted for: Completed and transferred out $ 119,350 S 19,250 27,900 S 0 55,800 $203,050 6,300 Ending work-in-process 25,550 Units Dollars Transferred Direct In Direct Materials Labor Manufacturing Total Overhead Costs 138,600 $ 27,900 S 62,100 $ 228,600 Total costs accounted for Beginning inventory, Mar. 1 (40% complete) Production started 18,000 S Accounts Requirement 2. Prepare the journal entry to record the cost of units completed and transferred out. (Record debits first, then crecit Date Transferred out 164.000 155,000 2,000 136,600 $ 27,900 S 600 $ 33,400 530 $ 3,130 27,570 225,470 Debit Credit Ending inventory, Mar. 31 (70% complete) 25,000 Mar. 31 Finished Goods Inventory 203,050 Work-in-Process Inventory-Botting 203,050 Requirement 3. Post all transactions to the Work-in-Process Inventory-Bollling T-account. What is the ending balance? Print Done Enter the beginning balance, "Bal. Feb. 28", and then post all transactions to the Work-in-Process Inventory-Bottling 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. Bal. Feb. 28 Transferred in Direct materials Direct labor Manufacturing overhead Bal. Mar. 31 Work-in-Process Inventory-Bottling Help me solve this Demodocs example Get more help. Clear all Check answer