Complete the exercises and problems below utilizing the template provided. E20-27 E20-28 P20-32A P20-33A P20-35A P20-40B P20-42B E20-27 Requirement 1 Learning Objectives 2, 4, 5 REFRESHING WATER COMPANY Production Cost Report-BOTTLING DEPARTMENT Month Ended March 31, 2018 Equivalent Units Whole Transferred In Direct Units Materials 3. WIP Balance $22,770 UNITS Conversion Costs E20-27 Preparing production cost report, journalizing, second department Refreshing Water Company produces premium bottled water. In the second depart- ment, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred in costs of $1,400, direct labor of $700, and manufacturing overhead of $330. March data for the Bot- tling Department follow: (Requirement 1 only) Units to account for: Beginning work-in-process Transferred in Total units to account for Units accounted for Completed and transferred out Ending work-in-process Total units accounted for REFRESHING WATER COMPANY Work-in-Process Inventory-Bottling Month Ended March 31, 2018 Dollars COSTS Units Transferred In Direct Materials Conversion Costs Total Costs Transferred In Direct Materials Direct Labor Total Costs Manufacturing Overhead s 330 16,300 $ 2,430 214,900 Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Beginning inventory, Mar. 1 (40% complete) 15,000 $ 1,400 $ 700 Production started 160,000 135, 100 $ 30,400 33, 100 Transferred out 152,000 Ending inventory, Mar. 31 (70% complete) 23,000 Requirements 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted average method. 2. Prepare the journal entry to record the cost of units completed and transferred out. 3. Post all transactions to the Work-in-Process InventoryBottling T-account. What is the ending balance? Costs accounted for Completed and transferred out Ending work-in-process Total costs accounted for Requirement 2 Date Accounts and Explanation Debit Credit Requirement 3 Work-in-Process-Bottling Transferred to Finished Goods Balance, Mar, 1 Transferred In Direct Materials Direct Labor Manufacturing Overhead Balance, Mar. 31