Solomon Cola Corporation produces a new soft drink brand, Sweet Spring, using two production departments: mixing and bottling. Solomons beginning balances and data pertinent to the mixing departments activities for Year 2 follow:

Accounts Beginning Balances

Cash $ 53,500

Raw materials inventory 14,400

Production supplies 100

Work in process inventory (350,000 units) 42,000

Common stock $ 110,000

1.Solomon Cola issued additional common stock for $55,000 cash.

2.The company purchased raw materials and production supplies for $30,970 and $800, respectively, in cash.

3.The company issued $33,300 of raw materials to the mixing department for the production of 600,000 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 2,200 hours of labor during Year 2, consisting of 2,000 hours for direct labor and 200 hours for indirect labor. The average wage was $9.50 per hour. All wages were paid in Year 2 in cash.

5. The predetermined overhead rate was $1.60 per direct labor hour.

6.Actual overhead costs other than indirect materials and indirect labor for the year amounted to $940, which was paid in cash.

7.The mixing department completed 700,000 units of Sweet Spring. The remaining inventory was 20 percent complete.

8. The completed soft drink was transferred to the bottling department.

9. The ending balance in the Production Supplies account was $540.

Determine the number of equivalent units of production. Determine the product cost per equivalent unit. (Round "Cost per equivalent unit" answer to 2 decimal places.) a. Equivalent units b. Cost per equivalent unit 750,000 $ 0.13 Req A and B Reqc Red D Calculate the total cost allocated between the ending work in process inventory and units transferred to the bottling department. (Round intermediate calculations to 2 decimal places.) Cost Allocation $ To the bottling department To ending work-in-process inventory Total allocated cost 93,072 6,648 99,720 Req A and B Reg C Reg D Record the transactions in T-accounts. (The cash expenditures in events No. 2 and No. 4 should be combined into a single amount in the cash account for each event. Round intermediate calculations to 2 decimal places.) Cash Raw Materials 14.400 Beg. bal. 53,500 55,000 Beg. bal. 2. 1. 31,770 2. 30,970 33,300 3. 4. 6. End. bal. 12,070 End. bal. 76,730 Work in process Bottling Work in process Mixing 42,000 Beg. bal. 3. Beg. bal. 8. 33,300 4. 5. End. bal. End. bal. 75,300 Manufacturing Overhead Production Supplies 100 Beg. bal. Beg. bal. 2. 4. 5. 800 360 9. 16 9. End. bal. 540 End. bal. 0 Beg. bal. Common Stock 110,000 55,000 1 End. bal. 165,000