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1 . Fill in the time line for the Fermenting Department. 2 . Summarize the flow of physical units and compute the total equivalent units.
Fill in the time line for the Fermenting Department.
Summarize the flow of physical units and compute the total equivalent units.
Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs.
Assign total costs to unitsgallons:
a Completed and transferred out to the Packaging Department
b In the Fermenting Department ending work in process inventory
What is the average cost per gallon transferred out of Fermenting into Packaging? Why would the company's managers want to know this cost
Gallons:
Beginning work in process inventory gallons
Started production gallons
Completed and transferred out to Packaging in March gallons
Ending work in process inventory of the way through the fermenting process gallons
Costs:
Beginning work in process inventory $ of direct materials and $ of conversion cost $
Costs added during March:
Direct materials $
Direct labor
Manufacturing overhead
Total costs added during March $
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