Conant Winery in Newburyport, Massachusetts, 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 X - Read the requirements > Requirements Fermenting Department Equivalent Unit Computation Month Ended March 31 3,000 gallons 4,840 gallons 6,490 gallons Flow of 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 ($2,000 of direct Equivalent Units Direct Conversion Materials Costs Physical Units Flow of Production 1,350 gallons Units to account for: Beginning work in process, March 1 3000 4840 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? $ 5,615 7840 Plus: Started in production during March Total physical units accounted for Units accounted for: Completed and transferred out materials and $3,615 of conversion cost) Costs added during March: Direct materials Direct labor $ 8,192 6490 6490 6490 1,050 2,148 Manufacturing overhead Print Done $ 11,390 Total costs added during March Total equivalent units