Complete all requirements\ >>>>>> Thai Spring produces premium bottled water. Thai Spring purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. During February, the filtration process incurred thefollowing costs in processing 150,000 liters:(Click to icon to view the cost data.)Thai Spring had no beginning Work-in-Process Inventory in the Filtration Department in February and uses the weighted-average method.Read the requirements.Requirement 1. Compute the February conversion costs in the Filtration Department.Determine the formula, then enter the amounts to compute the February conversion costs in the Filtration Department.Conversion costsData table++Wages of workers operating the filtration equipmentManufacturing overhead allocated to filtrationWaterPrintDone$ 21,95018,05080,000CXRequirements2.1. Compute the February conversion costs in the Filtration Department.The Filtration Department completely processed 150,000 liters in February.What was the filtration cost per liter?PrintDone- X

Answered: Thai Spring produces premium bottled…

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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Complete all requirements\

>>>>>>

Thai Spring produces premium bottled water. Thai Spring purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. During February, the filtration process incurred the
following costs in processing 150,000 liters:
(Click to icon to view the cost data.)
Thai Spring had no beginning Work-in-Process Inventory in the Filtration Department in February and uses the weighted-average method.
Read the requirements.
Requirement 1. Compute the February conversion costs in the Filtration Department.
Determine the formula, then enter the amounts to compute the February conversion costs in the Filtration Department.
Conversion costs
Data table
+
+
Wages of workers operating the filtration equipment
Manufacturing overhead allocated to filtration
Water
Print
Done
$ 21,950
18,050
80,000
C
X
Requirements
2.
1. Compute the February conversion costs in the Filtration Department.
The Filtration Department completely processed 150,000 liters in February.
What was the filtration cost per liter?
Print
Done
- X

Expert Solution

Step 1 Introduction

Total cost of process comprises direct costs and indirect cost. The direct labor and overhead costs are added together to get the conversion cost, The total cost is divided by number of units to get the unit cost.

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