Data Table g pr a fro e icd quire Gallons: 2,200 gallons Beginning work in process inventory t 1 Started production 5,870 gallons 6,570 gallons Completed and transferred out to Packaging in March Ending work in process inventory (80% of the way through the fermenting process) 1,500 gallons Costs Beginning work in process inventory ($2,600 of direct erials 4.834 materials and $2,034 of conversion cost) Costs added during March: Direct materials $ 10,312 Direct labor 850 Manufacturing overhead 1,978 Total oosts added during March. $ 12,940 nt 2 Print Done n any X I Conant Winery in Gardner, Massachusetts, has two departments: Fermenting and Packaging. Direct materials are added at the beginni the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion cos process. Data from the month of March for the Fermenting Department are as follows: Click the icon to view the data from March.) are added evenly throughout each Read the requirements Requirement 1. Fill in the time line for the Fementing Department. Conversion costs added evenly throughout the process 80% Complete 100% Complete Start Direct materials (grapes) added Transferred out to Packaging 1.500 gallons incomplete Requirement 2. Summarize the flow of physical units and compute the total equivalent units Fermenting Department Equivalent Unit Computation Month Ended March 31 Equivalent Units Flow of Conversion Direct Physical Materials Costs Units Flow of Production Units to account for 2200 Beginning work in process, March 1 5870 Plus: Beginning work in process, March 1 8070 Total physical units accounted for Units accounted for: 6570 Beginning work in process. March 1 1500 Plus: Ending work in process, March 31 BO70 Total physical units sccounted for Total equivalent units Requirement 3. Summarize total oosts to account for and compute the cost per equivalent unit for direct materials and conversion 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 equi Fermenting Department Cost per Equivalent Unit Month Ended March 31 Direct Conversion Materials Costs Total Costs added during March 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 step. Enter your answers to the nearest cent.) Fermenting Department Month Ended March 31 Assigning Costs Direct Conversion Materials Costs Total a 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 yo 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 They may also use the cost informatic Choose from any list or enter any number in the input fields and then continue to the next question - X i Requirements 1. Fill in the time line for the Fermenting Department 2. Summarize the flow of physical units and compute the total equivalent units. ed out 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) Completed and transferred out to the Packaging Department b. In the Fermenting Department ending work in process inventory a. 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? Done Print