Question
Please answer requirement 2 below at bottom of page. Cold SpringCold Spring purchases artesian? water, stores the water in large? tanks, and then runs the
Please answer requirement 2 below at bottom of page.
Cold SpringCold Spring purchases artesian? water, stores the water in large? tanks, and then runs the water through two? processes: filtration and bottling. During February, the filtration process incurred the following costs in processing 200,000 ?liters: Cold SpringCold Spring had no beginning? Work-in-Process Inventory in the Filtration Department in February. Read the requirements Requirement 1. Use the FIFO method to compute the February conversion costs in the Filtration Department. Determine the? formula, then enter the amounts to compute the February conversion costs in the Filtration Department.
Data Table
Wages of workers operating the filtration equipment | $25,950 |
Manufacturing overhead allocated to filtration | 18,050 |
Water | 150,000 |
Direct labor + Manufacturing overhead = Conversion costs 25950 + 18050 = 44000
Requirement 2. The Filtration Department completely processed 200,000 liters in February. Use the FIFO method to determine the filtration cost per liter. Determine the? formula, then enter the amounts to compute the filtration cost per liter. ?(Enter your answer to the nearest? cent.) Total filtration costs / Total number of liters = Cost per liter 200000 / =
Total filtration costs | / | Total number of liters | = | Cost per liter |
/ |
| = |
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