The cost of materials transferred into the Bottling Department of Mountain Springs Water Company is $32,400, with $26,000 from the Purifying Department, plus an additional $6,400 from the materials storeroom. The conversion cost for the period in the Bottling Department is $8,750 ($3,750 factory applied and $5,000 direct labor). The total cost transferred to finished goods for the period was $31,980. The Bottling Department had a beginning inventory of $1,860. Required: a. Journalize the cost of transferred-in materials, conversion costs, and the cost transferred out to finished goods. Refer to the Chart of Accounts for exact wording of account titles. b. Determine the balance of Work in Process-Bottling at the end of the period. CHART OF ACCOUNTS Mountain Springs Water Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 122 Supplies EXPENSES 123 Prepaid Insurance 510 Cost of Goods Sold 130 Materials 520 Wages Expense 132 Work in Process-Bottling 531 Insurance Expense 133 Work in Process-Purifying 532 Utilities Expense 134 Factory Overhead-Bottling 533 Supplies Expense 134 Factory Overhead-Bottling 533 Supplies Expense 560 Depreciation Expense-Machinery 135 Factory Overhead-Purifying 136 Finished Goods 590 Miscellaneous Expense 181 Land 710 Interest Expense 191 Machinery LIABILITIES 210 Accounts Payable 231 Notes Payable 232 Interest Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary a. Journalize the cost of transferred-in materials, conversion costs, and the cost transferred out to finished goods on December 31. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT b. Determine the balance of Work in Process-Bottling at the end of the period. Balance of Work in Processbottling