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Shelton Vineyards in Nova Scotia 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:
i Data Table -X di 2.800 litres 4.620 litres 6.420 litres 1.000 litres Litres: Beginning work in process inventory.. Started production Completed and transferred out to Packaging in March Ending work in process inventory (80% of the way through the fermenting process) Costs: : Beginning work in process inventory ($2.200 of direct materials and $1,462 of conversion cost) Costs added during March: Direct materials Direct labour Manufacturing overhead Total costs added during March $ 3.682 10.414 950 1.920 $ 13.284 Print Done estinn - Data Table Total Shelton Vineyards Fermenting Department Assignment of Costs Assign costs: Direct Materials Conversion Costs Completed and transferred out 6,420 x( $ 1.70 + $ 0.60) Ending work in process inventory: Direct materials 1.000 x $ 1.70 Conversion costs 800 x Total ending work in process inventory, March 31 $ 14,766.00 1.700.00 480.00 $ 0.60 2,180.00 $ 16,948.00 Total cost accounted for Print Done Shelton Vineyards in Nova Scotia 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 data from March.) B (Click the icon to view the assignment of costs.) Requirements 1. Present the journal entries to record the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. Also, give the journal entry to record the cost of the litres completed and transferred out to the Packaging Department. Post the journal entries to the Work in Process Inventory-Fermenting T-account. What is the ending balance? Requirement 1. Present the journal entry to record the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. Also, give the journal entry to record the cost of the litres completed and transferred out to the Packaging Department. Let's begin with recording the entry for the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Record the journal entry to record the cost of the litres completed and transferred out to the Packaging Department Journal Entry Accounts Date Debit Credit Requirement 2. Post the journal entries to the Work in Process InventoryFermenting T-account. What is the ending balance? (Leave any unused cells blank.) Work in Process Inventory-Fermenting Bal. March 1 Bal. March 31 Choose from any list or enter any number in the input fields and then continue to the next
