Problem
The cost per equivalent units of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $.45 and $ .12, respectively. The equivalent units to be assigned costs are as follows.
Direct Materials Conversions
Inventory in process, beginning of period 0 3,500
Started abd cimpleted during the period 57,000 57,000
Transferred out of Bottling (completed) 57,000 60,000
Inventory in process, end of period 3,500 1,800
Total units to be assigned costs 60,500 62,300
The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred out production, and the ending work in process inventory.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.