Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASAP! NEED HELP! Help on 3, 4, and 5 please. Jackson Winery in Hanphin New Hampshire, has two departments Fermenting and Packaging Direct materials are

ASAP! NEED HELP!
Help on 3, 4, and 5 please.
image text in transcribed
image text in transcribed
image text in transcribed
Jackson Winery in Hanphin New Hampshire, has two departments Fermenting and Packaging Direct materials are added at the beginning of the Sementing process (grapes) and at the end of the packaging process (botes) Conversion costs are added evenly throughout each process Data from the month of March for the Formenting Department are as follows Click the icon to view the data from March Read the requirement - X Requirements epartme ghout th 1. Fill in the time line for the Fermenting Department. 2. Summarize the flow of physical units and compute the total equivalent units. 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs. 4. Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department b. In the Fermenting Department ending work in process inventory 5. What is the average cost per gallon transferred out of Fermenting into Packaging? Why would the company's managers want to know this cost? asferred Print Done e help Data table ps) and at the end oshire, has two ughout each pro March) 2,400 gallons 5,390 gallons 6,590 gallons the Fermenting 1.200 gallons Gallons 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 ($2.800 of direct materials and $1,555 of conversion cost) Costs added during March Direct materials Direct labor lded evenly thro 5 4,355 $ 6,548 750 1.470 Manufacturing overhead Total costs added during March 8.768 completed and til

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Casebook Lessons From The Bad Side Of Business

Authors: Joseph T. Wells

1st Edition

0470134682, 978-0470134689

More Books

Students also viewed these Accounting questions