Managerial Accounting Homework Questions
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ReqUirementS 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. Anderson 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: a (Click the icon to view the data from March) Anderson Winery Productlon Cost Report - Fermentlng Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Unib to account for: Total units to account for Units accounted for: Total units accounted for Requirements . Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. . Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Selected production and cost data of Linda's Design Co. follow for May 2024: a (Click the icon to view the production and cost data.) On May 31, the Mixing Department ending Work-in-Process Inventory was 65% complete for materials and 30% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 85% complete for materials and 30% oomplete for conversion costs. The company uses the weighted-average method. Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Linda's Design Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Total units accounted for Requirements 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method. 2. Prepare the journal entry to record the cost of units completed and transferred out. 3. Post all transactions to the Work-in-Process InventoryBottling T-account. What is the ending balance? Cool and Clear Company produces premium bottled water. In the second department, the Bottling Department. conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. Costs in beginning Work-in-Prooess Inventory include transferred in costs of $1 ,900, direct labor of $600, and manufacturing overhead of $530. March data for the Bottling Department follow: a (Click the icon to view the data.) Read the muirements. Requirement 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method. (Complete all input elds. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Cool and Clear Company Production Cost Report - Bottling Department Month Ended March 31, 2024 Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units to account for: Total units to account for Units accounted for: Total units accounted for
