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Spring Water Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging
Spring 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 $1,700, direct labor of $700, and manufacturing overhead of $330
March data for the Bottling Department follow:
Requirements
1. Prepare a production cost report for the Bottling Department for the month of
March.
The company uses the weighted-average method.
2. Prepare the journal entry to record the cost of units completed and transferred out.
3. Post all transactions to the Work-in-Process InventoryBottling T-account. What is the ending balance?
Requirement 1. Prepare a production cost report for the Bottling Department for the month of
March.
The company uses the weighted-average method. (Complete all input fields. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.)
here is an example of how it should look like for requirement 1
requirement 2 and 3 example
please answer the question
Data table Requirement 2. Prepare the joumal entry to record the cost of units completed and transferred out. The Bottling Department is the last department in the process. Once the units are bottled, then, they are transferred out of the Bottl Finished Goods Inventory) amounted to $203,050. To prepare this entry, then, well be reduce the Work-in-Process Inventory-Bottin Requirement 3.Post all transactions to the Work-in-Process Inventory-Bottling T-account. What is the ending balance? Begin byenter the beginning balance, Bal. Feb. 28\%, and then posting all transactions to the Workin-Process Inventory-Bottling T Remember that the assignment of direct materials, direct labor, and manufacturing overhead increase the account's balance where Pure Spring Compary Production Cost Report - Bottling Department Month Ended March 31, 2024 Step by Step Solution
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