e allocation of manufacturing overtead to the Fermenting Departrment. Assume labor costs are accrued and not yet paid. Also preparee Requirement1.Prepal e a nha gallons complete ut to the Bckagieg Depatmont Begin with the summary joumal entry to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Fermenting Department. (Prepare a single compound journal entry. Record debits first, then explanations from any journal entries. - X Accounts Date Debit Credit Requirements Mar. 31 1. Prepare the journal entries to record the assignment of direct materials and direct labor labor cost of the gallons completed and transferred out to the Packaging Department 2. Post the iournal entries to the Work-in-Process Inventory-Fermenting T-acoount. What is the ending balance? - X Data Table 3 the Packagiog Denartment? w would Smith Minery's managers want to koow this cost? Gallons Beginning Work-in-Process Inventory 100 gallons Print Done 9.100 gallons Started in production Completed and transferred out to Packaging in March 7,700 gallons X 1,500 gallons Ending Work-in-Process Inventory (80 % of the way Reference through the fermenting process) Costs Beginning Work-in-Process Inventory Smith Winery Direct materials S 5.294 Production Cost Report Fermenting Department (Partial) Direct labon 180 Month Ended March 31 200 Manufacturing overhead allocated Total Direct Conversion Costs added during March: Materials Costs Costs COSTS 4.550 Direct materials Costs account for 792 Direct labor 5 294 $ Beginning work-in-process 380 S 5,874 3.278 8620 551 4,070 Manufacturing overhead allocated Costs added during the period 8,620 Total costs added during March Tolal costs to account for 9,844 S 4,450 S 14,294 9.200 8.900 Divided by: Total equivalent units of production 1.07 S 0.50 Print Done Cost per equivalent unit Costs accounted for: Completed and transferred out $ 8.239 S 3,850 S 12,089 1,605 600 2,205 Ending work-in-process 9,844 4,450 $ 14,294 Total costs acoounted for Print Done