Question: All needed tables from the blue box attached up Data Table -X in Costs in beginning work Costs added in process inventory during February Transferred



All needed tables from the blue box attached up
Data Table -X in Costs in beginning work Costs added in process inventory during February Transferred in $ 750 Transferred in $ 131,000 Direct materials 0 Direct materials 32,130 Direct labour 630 Direct labour 33,300 22,340 Manufacturing overhead 2,478 Manufacturing overhead Total beginning work in process Total costs added $ 3,858 $ 218,770 inventory as of February 1 during February *The Filtration Department completed and transferred out 150,000 litres at a total cost of $131,000. Print Done Data Table Mountain Springs Bottling Department Assignment of Costs Transferred-in Direct Costs Materials Conversion Costs Total 153,000 x $ 0.85 + $ 0.21 $ 0.38 ) $ 220,320 Assign costs: Completed and transferred out Ending work in process inventory: Transferred-in costs Direct materials Conversion costs Total ending work in process inventory 2,000 x $ 0.85 1,700 Ox $ 0.21 0 608 1,600 x $ 0.38 2,308 $ 222,628 Total costs accounted for Print Done Mountain Springs produces premium bottled water. In the Bottling Department, workers bottle the filtered water and pack the bottles into boxes. Conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. February data from the Bottling Department follow: (Click the icon to view the costs.) (Click the icon to view the assignment of costs.) Requirements 1. Prepare the journal entry to record the cost of units completed and transferred to finished goods. 2. Post all transactions to the "Work in Process Inventory-Bottling" T-account. What is the ending balance? Requirement 1. Prepare the journal entry to record the cost of units completed and transferred to finished goods. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Requirement 2. Post all transactions to the "Work in Process InventoryBottling" T-account and determine the ending balance. (Leave any unused cells blank.) Work in Process Inventory-Bottling Bal. February 1 Bal. February 28
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
