Spring Water Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred ovenly 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. (Click the icon to view the data) Read the i Data Table Cost per Costs ad Com Endil Total cos Spring Water Company Work in Process Inventory-Bottling Month Ended March 31, 2018 Dollars Transferred Direct Direct Materials Labor Requirer journal ed explanations from Manufacturing Overhead Dat Units Total Costs Mar 10,000 $ 165,000 152,000 1.700 134,800 $ 700 5 33,000 330 $ 16,400 Beginning inventory Mar 1(40% complete) Production started Transferred out Ending inventory Mar 31 (70% complete) 2,730 214,600 30,400 Required 23,000 Enter the descripti bropriate Print Done Transferler Direct labor Manufacturing overhead 30.400 Direct materials Bal Mar 31 Spring Water Company produces premium bottled water in the second department, the Bottling Department, conversion costs are incurred evenly throughou bottling process, but packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred in cost $1,700, direct labor of $700, and manufacturing overhead of $330. March data for the Bottling Department follow (Click the icon to view the data) Read the requirements Requirement 1. Prepare a production cost report for the Botting Department for the month of March. The company uses the weighted average method. (Complete all answer boxes. Enter a " 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) Spring Water Company Production Cost Report Bottling Department Month Ended March 31, 2018 Equivalent Units Physical Transferred Direct Conversion Units Materials Costs UNITS Units to account for Beginning work-in-process Transferred in 10,000 165.000 Total units to account for 175.000 152.000 152.000 Units accounted for Completed and transferred out Ending work in process Total units accounted for 23000 152.000 23.000 175.000 152.000 16.100 175 000 152.000 168.100 Transferred COSTS Costs to account for Direct Materials Conversion Costs Total Costs 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 Click the icon to view the data) Read the requirements Materials COSTS Costs Costs Costs to account for 1,700 $ OS 1030 5 Beginning work in process 2730 134 800 30 400 49.400 214.600 Costs added during the period Total costs to account for $ 136,500 $ 30.400 $ 50,430 $ 217,330 Divided by: Total EUP 175.000 152,000 168 100 $ 0.78 $ 020 $ 030 Cost per equivalent unit Costs accounted for Completed and transferred out $ 118,560 $ 30.400 $ 45,600 $ 194.560 17.940 4,830 Ending work-in-process 22.770 $ Total costs accounted for 136,500 S 30.400 S 50,430 $ 217,330 Requirement 2. Prepare the journal entry to record the cost of units completed and transferred out (Record debits first, then credits. Exclude explanations from journal entries) Date Accounts Debit Credit Mar 31 Finished Goods Inventory 194,560 Work in Process Inventory-Bottling 194,560 Requirement 3. Post all transactions to the Work in Process Inventory Botting T account What is the ending balance? Enter the beginning balance B Feb. 28, and then post all transactions to the Work-in-Process Inventory Bottling T-account using the appropriate descriptions as posting references Calculate and enter the ending balance of the account "Bal Mar 31, on the appropriate side of the T-account Work in Press InventoryRotinn 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 5330 March data for the Bottling Department follow (Click the icon to view the data) 020 Read the requirements 0.78 $ Cost per equivalent unit Costs accounted for Completed and transferred out 118,560 $ 30.400 $ 45,600 $ 194560 17.940 22.770 Ending work-in-process 136,500 $ 30,400 S 50,430 5 217 330 Total costs accounted for Requirement 2. Prepare the journal entry to record the cost of units completed and transferred out (Record debits first, then credits Exclude explanations from journal entries) Date Accounts Debit Credit Mar 31 194 560 Finished Goods Inventory Work in Process Inventory--Botting 194 560 Requirement 3. Post all transactions to the Work in Process Inventory Bolting T-account What is the ending balar Enter the beginning balance, "Bal Feb. 28", and then post all transactions to the Work In Process Inventory Doftling account using the appropriate descriptions as posting references Calculate and enter the ending balance of the account, "Bal Mar 31" on the appropriate side of the T account Work in Process Inventory Bottling Transferred in Direct labor Manufacturing overhead 30.400 Direct materials Bal Mar 31