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question spring rain produces premium bottled water spring rain purchases artesian w 4290818

Question

Spring Rain produces premium bottled water. Spring Rain 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 200,000 liters.

Data Table:

Wages of workers operating the filtration equipment      $32,950

Manufacturing overhead allocated to filtration                   21,050

Water                                                                                                   90,000

Spring Rain had no beginning Work-in-Progress Inventory in the Filtration Department in February.

Requirements

1.

1.Use the FIFO method to compute the February conversion costs in the Filtration Department.

2.The Filtration Department completely processed 200,000 liters in February. Use the FIFO method to determine the filtration cost per liter.

Requirement 1. Use the FIFO method to 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

Complete Requirement 2 also.

+

=

1.

1.Use the FIFO method to compute the February conversion costs in the Filtration Department.

 

2.The Filtration Department completely processed 200,000 liters in February. Use the FIFO method to determine the filtration cost per liter.

Requirement 1. Use the FIFO method to 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

 

Complete Requirement 2 also.

+

 

=

 

 

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