Test: Exam 5 Ch 19 & 20 Time Limit: 02:00:00 Submit Test This Question: 15 pts 1

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Test: Exam 5 Ch 19 & 20 Time Limit: 02:00:00 Submit Test This Question: 15 pts 13 of 25 (2 complete) This Test: 100 pts possible Cold Spring produces premium bottled water. Cold Spring purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. During February, the filtration process incurred the following costs in processing 200,000 liters: ?(Click to icon to view the cost data.) (Click the icon to view additional information.) Compute the equivalent units of production for direct materials and conversion costs for the Filtration Department using the FIFO method. (Complete all answer boxes. Enter a O for any zero balances.) Cold Spring Production Cost Report Filtration Department (Partial) Month Ended February 28 Data Table Equivalent Units Direct Conversion Physical Units Wages of workers operating the filtration equipment Manufacturing overhead allocated to filtration Water S 23,950 24,050 150,000 Costs UNITS Units accounted for Materials Print Done Transferred to Bottling Total units accounted for More Info At Cold Spring, water is added at the beginning of the filtration process Conversion costs are added evenly throughout the process. Assume that in February, 135,000 liters were completed and transferred out of the Filtration Department into the Botting Department. The 65,000 liters remaining in Filtration's ending Work-in-Process Inventory were 80% of the way through the filtration process. Cold Spring has no beginning inventories Print Done

Explanation / Answer

Calculate equivalent unit :

Physical units Equivalent unit-direct material Equivalent unit-conversion cost Beginning work in process 0 0 0 Units started and completed 135000 135000 135000 Transferred to bottling 135000 135000 135000 Ending work in process 65000 65000 52000 Total units accounted for 200000 200000 187000

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