Conant 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 data from March.) Data table Read the requirements. Gallons: Requirement 1. Fill in the time line for the Fermenting Department. Beginning work in process inventory 2,400 gallons Started production 5,390 gallons Completed and transferred out to Packaging in March . . . . . 6,590 gallons Ending work in process inventory (80% of the way through the fermenting process) 1,200 gallons Start Complete Complete Costs: Beginning work in process inventory ($2,800 of direct materials $ 4,355 and $1,555 of conversion cost) Costs added during March: Direct materials . . . . $ 6,548 Direct labor 750 Manufacturing overhead 1,470 $ 8,768 Total costs added during March . ...... ... .... . . . . . . . . . . . . . . . Requirement 2. Summarize the flow of physical units and compute the total equivalent units. Fermenting Department Print Done Equivalent Unit Computation Month Ended March 31 Flow of Equivalent UnitsConant 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: E (Click the icon to view the data from March.) Read the muirements. Requirement 2. Summarize the ow of physical units and compute the total equivalent units, Fermenting Department Equivalent Unit Computation Month Ended March 31 Requirements Flow of Physical Flow of Production Units Units to account for: Unlts accounted for: Equivalent Units Direct Conversion Materials Costs . Fill in the time line for the Fermenting Department. 2. Summarize the ow of physical units and compute the total equivalent units. . Summarize total costs to acoount for and compute the cost per equivalent unit for direct materials and conversion costs. . Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department 1). In the Fermenting Department ending work in process inventory . What is the average cost per gallon transferred out at Fermenting into Packaging? Why would the company's managers want to know this cost'? Total equlvalent unlts Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs (Enter the cost per equivalent unit to the nearest cent.) Conant 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 Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs. (Enter the cost per equivalent unit to the nearest cent.) Fermenting Department Cost per Equivalent Unit Month Ended March 31 Direct Conversion Materials Costs Total Cost per equivalent unit Requirement 4. Assign total costs to units (gallons) (a) completed and transferred out to the Packaging Department and (b) in the Fermenting Department's ending work in process inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Enter your answers to the nearest cent.) Fermenting Department Month Ended March 31 Assigning Costs Direct Conversion Materials Costs Total Completed and transferred out:This test: 100 point(s) possible 5 Test: Exam 1 - V6 LP Question 18 of 64 Submit test This question: 10 point(s) possible Conant Winery in Albany, New York, has two departments: Fennenting 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 Assigning Costs Direct Conversion Materials Costs Total 8. Completed and transferred out: b. Ending work in process: Total costs accounted for Requirement 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? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per unit (Abbreviation used: Avg. = Average. Enter your answer to two decimal places.) Avg. cost + = per gallon Why would Conant's managers want to know this cost? Managers will want to know this cost to compare it to their V . They may also use the cost information when