Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fresh Water Company produces premium bottled water. In the second department, the Bollling Department, conversion costs are incurred evenly throughout the bottling process, but

image text in transcribed

Fresh Water Company produces premium bottled water. In the second department, the Bollling 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 $630. March data for the Battling Department follow: (Click the icon to view the data.) Read the requirements. UNITS Production Cost Report - Bottling Department Month Ended March 31, 2024 Equivalent Units Physical Transferred Direct Conversion Units In Materials Costs Units to account for: Beginning work-in-process 16,000 164,000 Transferred in 180,000 Total units to account for Units accounted for: Completed and transferred out 155,000 Ending work-in-process 25,000 180,000 155,000 25,000 180,000 155,000 155,000 17.500 155,000 172,500 Total units accounted for COSTS Costs to account for: Total costs to account for Cost per equivalent unit Transferred In Direct Materials Conversion Costs Total Costs Help me solve this Demodocs example Get more help - Data table Fresh Water Company Work-in-Process Inventory-Bottling Month Ended March 31, 2024 Units Dollars Transferred In Direct Direct Materials Labor Manufacturing Overhead Total Costs Beginning inventory, Mar. 1 (40% complete) Production started 16,000 $ 164,000 2,000 600 $ 138,600 S 27,900 33.400 $ 630 $ 3.130 27,570 225.470 Transferred out 155,000 Ending inventory, Mar. 31 (70% complete) 25,000 Print Done Clear all Check answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

12th edition

9780134487151, 013448715X, 978-0134674681

More Books

Students also viewed these Accounting questions

Question

3. Show your interest in your students as individuals.

Answered: 1 week ago

Question

List and define the three basic activities of a business.

Answered: 1 week ago