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 $1,570, direct labor of $500, and manufacturing overhead of $350. August data for the Bottling Department is as follows: Beginning Work-in- Process Inventory 40% Complete Production started Transferred out Ending Inventory 60% complete Units Adirondack Mountain Springs Direct Direct Materials Labor Transferred In 4,000 $1,570 $500 Manufacturing Overhead $350 166,000 $132,200 $33,000 $33,500 $22,340 150,000 20,000 Total Costs $2,420 $221,040 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 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 $1,570, direct labor of $500, and manufacturing overhead of $350. August data for the Bottling Department is as follows: Beginning Work-in- Process Inventory 40% Complete Production started Transferred out Ending Inventory 60% complete Units Adirondack Mountain Springs Direct Direct Materials Labor Transferred In 4,000 $1,570 $500 Manufacturing Overhead $350 166,000 $132,200 $33,000 $33,500 $22,340 150,000 20,000 Total Costs $2,420 $221,040 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).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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