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Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes)
Jackson 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). Conversion costs are added evenly throughout each process. The company uses the weighted average method. Data from the month of March for the Fermenting Department are as follows: E: (Click the icon to view the data from March.) Read the requirements Data Table Requirement 1. Compute the Fe Complete the partial production It materials and for conversion costs Requirements Production Cost 1. Gallons Beginning Work-in-Process Inventory Started in 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: Direct materials 300 gallons 8,200 gallons 7,800 gallons 700 gallons 2. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department b. in the Fermenting Department ending Work-in-Process Inventory. UNITS Units to account for Beginning work-in-process Started in production $ 6,925 Print Done Total units to account for Direct labor 200 220 Units accounted for: Completed and transferred o Manufacturing overhead allocated Costs added during March: Direct materials Direct labor 4,550 880 Ending work-in-process Manufacturing overhead allocated 4,552 Total units accounted for Total costs added during March $ 9,982 Choose from any list or enter an Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of production for direct materials and for conversion costs. Jackson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for Choose from any list or enter any number in the input fields and then click Check Answer. Read the resurements Total Direct Materials Conversion Costs Cosi COSTS Costs to account for Total costs to account for Cost per equivalent unit Costs accounted for Total costs accounted for Choose from any list or enter any number in the input fields and then continue to the next
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