S5-15 Summarize physical flow and compute equivalent units

(Learning Objective 2)

Refer to the Crystal Springs Filtration Department Data Set. At Crystal Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process, and in May, 165,000 liters have been completed and transferred out of the Filtration Department to the Bottling Department. The 40,000 liters remaining in the Filtration Department’s ending work in process inventory are 80% of the way through the filtration process. Recall that Cold Springs has no beginning inventories.
1. Draw a time line for the filtration process.
2. Complete the first two steps of the process costing procedure for the Filtration Department:
summarize the physical flows of units and then compute the equivalent units of direct materials and conversion costs.