ACC241 Uses of Accounting Info II - Online/lCourse - Spr B 2020 Santonio Echols | 04/11/20 1:30 AM Homework: Chapter 5 Homework (required) Save 5 of 5 (5 complete) HW Score: 71.08%, 3.55 of 5 pts Score: 0.36 of 1 pt %E5-33A (similar to) Question Help - X Walsh Winery in Albany, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process. Data from the month of March for the Fermenting Department are as follows: BE(Click the icon to view the data from March.) i Requirements Read the requirements. Plus: Ending work in process, March 31 1.300 1,300 7.880 Total physical units accounted for 1. Fill in the time line for the Fermenting Department. 2. Summarize the flow of physical units and compute the total equivalent Jess inventory .................... 2,300 gallons Total equivalent units 7,880 units. 5,580 gallons 3. Summarize total costs to account for and compute the cost per equivalent Requirement 3. Summarize total costs to account for and compute the cost per equi Fred out to Packaging in March unit for direct materials and conversion costs. 6,580 gallons Fermenting Department inventory (80% of the way through 4. Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department Cost per Equivalent Unit ........... ess) 1,300 gallons b. In the Fermenting Department ending work in process inventory Month Ended March 31 5. What is the average cost per gallon transferred out of Fermenting into Direct Packaging? Why would the company's managers want to know this cost? Jess inventory ($1,700 of direct Conversion Materials Costs 8 of conversion cost) Total costs to account for Print Divided by: Total equivalent units ............ ..$ 9,332 Direct labor 700 Manufacturing overhead 2,096 $ 12,128 Total costs added during March.................. Cost per equivalent unit ..........$ 4,238 Done Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 4 4 parts remaining Clear All Check Answer ACC241 Uses of Accounting Info II - Online/iCourse - Spr B 2020 Santonio Echols | 04/11/20 1:30 AM Homework: Chapter 5 Homework (required) Save Score: 0.36 of 1 pt 5 of 5 (5 complete) HW Score: 71.08%, 3.55 of 5 pts WE5-33A (similar to) Question Help Walsh Winery in Albany, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process. Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the la w . Mas i Data Table Read the requirements. i Requirements Plus: Ending work in prog Gallons: Total physical units accoy 1. Fill in the time line for the Fermenting Department Beginning work in process inventory ............. 2,300 gallons Total equivalent units 2. Summarize the flow of physical units and compute the total equivalent Started production units. .............. 5,580 gallons Requirement 3. Summarize 3. Summarize total costs to account for and compute the cost per equivalent ponversion costs. (E Completed and transferred out to Packaging in March ..... 6,580 gallons unit for direct materials and conversion costs. Ending work in process inventory (80% of the way through 4. Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department the fermenting process) 1,300 gallons b. In the Fermenting Department ending work in process inventory Costs: 5. What is the average cost per gallon transferred out of Fermenting into Beginning work in process inventory ($1,700 of direct Packaging? Why would the company's managers want to know this cost? materials and $2,538 of conversion cost) Total costs to account for Costs added during March: Print Done Divided by: Total equivalent Direct materials ....$ 9,332 Direct labor 700 Manufacturing overhead 2,096 $ 12, 128 Total costs added during March Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer Print Done A parts 4 remaining Clear All Check