Homework: 2.5 - MyAccountingLab: Homework 2 Save Score: 13.75 of 15 pts 6 of 7 (7 complete) HW Score: 98.75%, 98.75 of 100 pts X E18-24 (similar to) i Data Table - X stion Help Johnson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct materials are added Johns th of March: at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Data from the month of March for the Fermenting Department are as follows: Conv Gallons jethod. (Click the icon to view the data from March.) Beginning Work-in-Process Inventory 700 gallons Read 12, 003 Started in production 8,500 gallons Completed and transferred out to Packaging in March 7,700 gallons Ending Work-in-Process Inventory (80% of the way 1,500 gallons Requirement 2. Post the journal entries to the Work-in-Process Inventory-Fermenting T-account. What is the ending balance? through the fermenting process) Costs Post the entries using the appropriate descriptions as posting references. Denote the ending balance as "Bai." Beginning Work-in-Process Inventory: Work-in-Process Inventory-Fermenting Direct materials $ 16 Beg. Bal 416 12,089 Transferred to Packaging Direct labor 240 Direct materials 9,828 Manufacturing overhead allocated 160 Direct labor 462 Costs added during March: Manufacturing overhead 3,588 Direct materials 9,828 Bal 2,205 Direct labor 162 Requirement 3. What is the average cost per gallon transferred out of the Fermenting Department into the Packaging Department Manufacturing overhead allocated 3.588 [cent.) The average cost per gallon transferred out of Fermenting is $ per gallon. Total costs added during March 13,878 Enter any number in the edit fields and then click Check Answer. Print Done part remaining Clear All Check AnswerHomework: 2.5 - MyAccountingLab: Homework 2 Save Score: 13.75 of 15 pts 6 of 7 (7 complete) HW Score: 98.75%, 98.75 of 100 pt E18-24 (similar to) i Reference - X Johnson Winery in Pleasant Valley, 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). Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the data from March.) Johnson Winery 12, 003 Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion Total COSTS Materials Costs Costs Requirement 2. Post the journal entries to the Work-in-Process Inventory-Fermenting T-account. What is the ending ball Costs to account for: Post the entries using the appropriate descriptions as posting references. Denote the ending balance as "Bai." Beginning work-in-process $ 16 $ 400 $ 416 Work-in-Process Inventory-Fermenting Costs added during the period 9,828 4,050 13,878 Beg. Bal. 416 12,089 Transferred to Packaging Total costs to account for 9,844 $ 4,450 $ 14,294 Direct materials 9,828 Divided by: Total equivalent units of production 9,200 8,900 Direct labor 462 Cost per equivalent unit $ 1.07 $ 0.50 Manufacturing overhead 3,588 Costs accounted for: Bal 2,205 Completed and transferred out $ 8,239 $ 3,850 $ 12,089 Requirement 3. What is the average cost per gallon transferred out of the Fermenting Department into the Packaging Dep Ending work-in-process 1,605 600 2,205 The average cost per gallon transferred out of Fermenting is $ per gallon. Total costs accounted for $ 9,844 $ 4,450 $ 14,294 Enter any number in the edit fields and then click Check Answer. Print Done part remaining Clear All Check AnswerHomework: 2.5 - MyAccountingLab: Homework 2 Save Score: 13.75 of 15 pts 6 of 7 (6 complete) HW Score: 83.75%, 83.75 of 100p E18-24 (similar to) Question Help Johnson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct Johnson Winery completed the following production cost report for its Fermenting Department for the month of materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging March: process (bottles). Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the production cost report.) BB (Click the icon to view the data from March.) Conversion costs are added evenly throughout each process. The company uses the weighted-average method Read the requirements. Work-in-Process Inventory-Fermenting Beg. Bal. 416 12,089 Transferred to Packaging Direct materials 9,828 Direct labor 462 Manufacturing overhead 3,588 Bal 2,205 Requirement 3. What is the average cost per gallon transferred out of the Fermenting Department into the Packaging Department? Why would Johnson Winery's managers want to know this cost? (Round your answer to the nearest cent.) The average cost per gallon transferred out of Fermenting is $ per gallon