Fresh Water Company produces premium bottled water. In the second department, th
ID: 2338850 • Letter: F
Question
Fresh Water Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly costs of $1,900, direct labor of $500, and manufacturing overhead of $430. March data for the Bottling Department follow: EB (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average m dollar. Abbreviation used: EUP equivalent units of production.) Fresh Water Company Production Cost Report - Bottling Department Month Ended March 31, 2018 Physical Units Equivalent Units Direct Materials Transferred Conversion UNITS In Costs Units to account for Beginning work-in-process 3,000 167,000 170,000 Transferred in Total units to account for Units accounted for Completed and transferred out 150,000 20,000 170,000 150,000 20,000 170,000 150,000 150,000 23070 173070 Ending work-in-process 150,000 Total units accounted for Data Table Fresh Water Company Work-in-Process Inventory-Bottling Month Ended March 31, 2018 Dollars Transferred Direct Direct Manufacturing Overhead Units In Materials Labor Total Costs Beginning inventory 430 $ 3,000 $ 167,000 150,000 500 $ Mar. 1 (40% complete) Production started Transferred out 1,900 2,830 132,400 $33,000 33,800 22,670 221,870 Ending inventory Mar. 31 (70% complete) 20,000Explanation / Answer
Answer
Quantities
Physical units
Transferred in
Direct Materials
Conversion Cost
Units to be accounted for:
Beginning WIP
3,000
Transferred in
167,000
Total Units to account for
170,000
Units accounted for:
Completed & Transferred out
150,000
150,000
150,000
150,000
Ending WIP
20,000
20,000
20,000
14,000 [ 20,000 x 70% complete]
Total units
170,000
170,000
170,000
164,000
Quantities
Physical units
Transferred in
Direct Materials
Conversion Cost
Units to be accounted for:
Beginning WIP
3,000
Transferred in
167,000
Total Units to account for
170,000
Units accounted for:
Completed & Transferred out
150,000
150,000
150,000
150,000
Ending WIP
20,000
20,000
20,000
14,000 [ 20,000 x 70% complete]
Total units
170,000
170,000
170,000
164,000
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.