* The 30,000 liters remaining in Filtration's ending Work-in-Process Inventory were 80% of the way through the filtration process. Spring Water has no beginning inventories. ### Data Table OverviewThe presented data table highlights the financial components related to the operation of filtration equipment. Below is a detailed breakdown of the associated costs:1. **Wages of workers operating the filtration equipment**: - **Amount:** $23,950 - This includes the salaries paid to personnel specifically responsible for running and managing filtration equipment.2. **Manufacturing overhead allocated to filtration**: - **Amount:** $24,050 - This encompasses the indirect costs associated with filtration, such as utilities and maintenance, which are not directly tied to labor but are essential for operations.3. **Water**: - **Amount:** $150,000 - This represents the cost of water used in the filtration process, indicating a significant component of the operational expenses.This table is useful for understanding the specific cost distributions in filtration operations and aids in financial planning and analysis for optimizing resource allocation. ### Spring Water Production Overview**Spring Water** produces premium bottled water.#### February Process OverviewDuring February, the filtration process incurred specific costs for processing 180,000 liters. The details of these costs can be accessed in the additional information provided.#### Production Details- **Total liters processed**: 180,000**February Output Summary**- **Completed and Transferred Out**: 150,000 liters were completed and moved from the Filtration Department to the Bottling Department. More information can be found in the additional details.#### Production Cost Report - Filtration Department**For the Month Ended February 28**This report details the equivalent units of production for direct materials and conversion costs.##### Units Accounted For| Units | Physical Units | Direct Materials | Conversion Costs ||----------------------------------|----------------|------------------|------------------|| Completed and transferred out | | | || Ending work-in-process | | | |- **Total Units Accounted For**: The sum of completed units and ending work-in-process.The report emphasizes the need to compute equivalent units for both direct materials and conversion costs in the Filtration Department.

Name: * The 30,000 liters remaining in Filtration's ending Work-in-Process
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Description: * The 30,000 liters remaining in Filtration's ending Work-in-Process Inventory were 80% of the way through the filtration process. Spring Water has no beginning inventories. ### Data Table OverviewThe presented data table highlights the financial

Equivalent units of production:-It is the way through which the manufacturer shows how much work has…

Business

Accounting

Spring Water Production Cost Report - Filtration Department (Partial) Month Ended February 28 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for

Spring Water Production Cost Report - Filtration Department (Partial) Month Ended February 28 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for

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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Question. Abnormal spoilage is 155 units and normal spoilage is 620 units. Beginning work-in-process inventory consisted of 8,800 units; 24,000 units were started; and 26,600 units were completed this period. How many units are in ending work-in-process?
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