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 $2,000, direct labor of $700, and manufacturing overhead $300. March data for the bottling department follow:

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ory include transi i Data Table Spring Water Company Work-in-Process Inventory-Bottling Month Ended March 31, 2024 Dollars Transferred Direct Direct Manufacturing Units In Materials Labor Overhead Total Costs Beginning inventory, Mar. 1 (40% complete) 9,000 $ 2.000 S 700 $ 330 $ 3,030 Production started 166,000 134,500 $ 30.400 34.000 15,400 214,300 Transferred out 152,000 Ending inventory, Mar. 31 (70% complete) 23,000 Print Done ter X * 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 Inventory-Bottling T-account. What is the ending balance? Print Done Requirement 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP - equivalent units of production) Spring Water Company Production Cost Report - Bottling Department Month Ended March 31, 2024 Equivalent Units Physical Transferred Direct Conversion UNITS Units Materials Costs Units to account for: In Total units to account for Physical Units Equivalent Units Transferred Direct Conversion In Materials Costs UNITS Units to account for: Total units to account for Units accounted for: Total units accounted for