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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.
Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step.
Anderson Winery in Pleasant Valley, 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. The company uses the weighted-average method. Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the data from March.) Read the requirements. Compiete tne paruai proouction cost report Deiow ror tne Fermenung Department, snowing tne equivaient units or proauction tor a Data Table Anderson Winery Production Cost Report- Fermenting Department (Partial) Month Ended March 31 Gallons Beginning Work-n-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) 800 gallon 9,100 gallon 4,800 gallon 5,100 gallon Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for Costs Beginning Work-in-Process Inventory: Total units to account for Direct materials Direct labor Manufacturing overhead allocated $1,134 200 220 Units accounted for Costs added during March: Direct materials Direct labor Manufacturing overhead allocated 9,360 358 4,550 $14,268 Total units accounted for Choose from any list or enter any number in the input fields and then continue to the next question. Total costs added during MarchStep by Step Solution
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