Adirondack Mountain Springs produces a clean, crisp all natural spring feed bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, put packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred costs of $1,650, direct labor of $470, and manufacturing overhead of $380. August data for the Bottling Department is as follows: Adirondack Mountain Springs Units Transferred In Direct Materials Direct Labor Manufacturing Overhead Total Costs Beginning Work-in-Process Inventory 30% Complete 4,000 $1,650 $470 $380 $2,500 Production started 166,000 $134,400 $32,500 $33,800 $22,920 $223,620 Transferred out 150,000 Ending Inventory 80% complete 20,000 Prepare the production cost report for the Bottling Department for August. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Adirondack Mountain Springs Equivalent Units UNITS Whole Units Transferred In Direct Material Conversion Costs Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for Adirondack Mountain Springs COSTS Transferred In Direct Materials Conversion Costs Total Costs 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 Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for

Name: Adirondack Mountain Springs produces a clean, crisp all natural spring
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Adirondack Mountain Springs produces a clean, crisp all natural spring feed bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, put packaging materials are not added

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 20E: Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through...

See similar textbooks

Related questions

Concept explainers

Topic Video

Question

Adirondack Mountain Springs produces a clean, crisp all natural spring feed bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, put packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred costs of $1,650, direct labor of $470, and manufacturing overhead of $380.

August data for the Bottling Department is as follows:

Adirondack Mountain Springs

	Units	Transferred In	Direct Materials	Direct Labor	Manufacturing Overhead	Total Costs
Beginning Work-in-Process Inventory 30% Complete	4,000	$1,650		$470	$380	$2,500
Production started	166,000	$134,400	$32,500	$33,800	$22,920	$223,620
Transferred out	150,000
Ending Inventory 80% complete	20,000

Prepare the production cost report for the Bottling Department for August.

(Round your answers to two decimal places when needed and use rounded answers for all future calculations).

Adirondack Mountain Springs

	Equivalent Units
UNITS	Whole Units	Transferred In	Direct Material	Conversion Costs
Units to account for:
Beginning work-in-process
Started in production
Total units to account for
Units accounted for:
Completed and transferred out
Ending work-in-process
Total units accounted for

Adirondack Mountain Springs

COSTS	Transferred In	Direct Materials	Conversion Costs	Total Costs
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
Costs accounted for:
Completed and transferred out
Ending work-in-process
Total costs accounted for

Expert Solution

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.