The squirting is normal. The latest MC I bought had bench bleeding instructions that were different than the usual way of running hoses from the outlets back into the reservoir or a can of fluid.
The new directions were to block off both outlet ports w/the enclosed plastic plugs, then to depress the piston w/a dowel, etc. slowly and to not bottom it, until there were no more bubbles from the ports in the floor of the reservoir.
Now, I'm not positive that will work w/ANY MC or not, but I suspect it will. Might be worth a try if you have plugs that fit, otherwise you'll need to do it the normal way. You should have gotten the plastic fittings and lines w/the MC. If not, I'd go back and ask for them- they'll take them from the next guy's MC.
But however you do it, do it!
Also be sure the pushrod has some clearance when the pedal is at rest. Sometimes a spring is needed to assist the pedal to fully return.