Fermenting Department Equivalent Unit Computation Month Ended March 31 \begin{tabular}{cccc} & Flow of & \multicolumn{2}{c}{ Equivalent Units } \\ \cline { 3 - 4 } & Physical & Direct & Conversion \\ Flow of Production & Units & Materials & Costs \\ \hline \end{tabular} Units to account for: Units 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.) Why would Jackson'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 information when Fermenting Department Cost per Equivalent Unit Month Ended March 31 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.) Read the requirements. Requirement 1. Fill in the time line for the Fermenting Department. 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) 2,900 gallons 4,770 gallons 6,420 gallons 1,250 gallons Costs: Beginning work in process inventory ($2,100 of direct materials and $1,409 of conversion cost) $3,509 Costs added during March: Direct materials Direct labor Manufacturing overhead Total costs added during March ost 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 Assianina Costs 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