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Please read the full question as the program does not allow me to show all of the requirements at once. Thank you! S6-18 (similar to)
Please read the full question as the program does not allow me to show all of the requirements at once. Thank you!
S6-18 (similar to) 8 Question Help Pure Springs produces premium bottled water. Pure Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. At Pure Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. Pure Springs has no beginning inventories. During February, the filtration process incurred the following costs in processing 205,000 litres: (Click the icon to view the costs.) (Click the icon to view the assignment of costs.) Requirements 1. Record the journal entry to transfer the cost of the 175,000 litres completed and transferred out of the Filtration Department and into the Bottling Department. 2. Record all of the transactions in the "Work in Process InventoryFiltration" T-account. Requirement 1. Record the journal entry to transfer the cost of the 175,000 litres completed and transferred out of the Filtration Department and into the Bottling Department. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Journal Entry Date Accounts Debit Credit Manufacturing Overhead Raw Materials Inventory Wages Payable Work in Process InventoryBottling Work in Process InventoryFiltration Choose from an and then click Check Answer. i Data Table ... $ 9,580 Wages of workers operating the filtration equipment . Wages of workers operating ozonation equipment.. Manufacturing overhead allocated to filtration 10,700 23,500 Water.. 133,250 Print Done Data Table - Pure Springs Filtration Department Assignment of Costs Direct Materials Conversion Costs Total 175,000 x( $ 0.65 + $ 0.22 ) $ 152,250 Completed and transferred out Ending work in process inventory: Direct materials 30,000 x 0.65 19,500 5,280 Conversion Costs 24,000 x $ 0.22 Total cost of ending work in process inventory 24,780 $ 177,030 Total cost accounted for Print DoneStep by Step Solution
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