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Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Fermenting Department ending Work-in-Process
Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Fermenting Department ending Work-in-Process Inventory.
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Data table throughoul each process. Wilson Winery in Pleasant Valley, New York, has lwe departments: Fermenting and Packaging. Direct materials are added at the beginning of the ferm The company uses the weighted average method. Data from the month of March for the Fomenting Department are as follows: (Click the icon to view the data from March.) Read the recurrents. Gallons Beginning Work-in-process inventory 500 galons 9.401 galons 6,800 galona 3,205 galono Units accounted for Completed and transferred out Ending woric-in-grocess 6,800 3,200 6,800 3,200 6.800 2.560 10,000 10,000 Total units accounted for 9,360 s 1,072 Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (B0% of the way through the fermenting process) Costa Beginning Worc-in-Process Inventory Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct inbar Manufacturing overhead allocated Talal costs aided during March 160 250 Round the cost per equivalent 9.628 3,514 1.500 S 17,842 Requirement 2. Compute the total costs of the units (galons) (a) completed and transferred but to the Packaging Department, and (b) in the Fermeriti Camalete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used:EUP = equivalent units of production) Wilson Winery Production Cost Report - Fermenting Department (Partial Month Ended March 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Beginning work-in-process $ 1.072 S 410 S 1.482 Costs added during the period 9,628 8,014 17,842 Total costs to account for $ 10.500 5 8.424 19.324 Divided by: Total EUP 10.000 9,360 $ 1.095 0.90 Cost per equivalent unit Coate accounted for: Print Done Total costs accounted for Help me solve this Demodocs example Get more help Clear all CheckStep by Step Solution
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