Newton Winery in Newton, Massachusetts, 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 incurred evenly throughout each process. Data from the month of March for the fermenting department are as follows: Beginning WIP Units Started Units Completed and Transferred Ending WIP Costs: Beginning WIP Costs Added Costs c. Calculate the Cost per EUP d. Allocate Costs e. Reconcile the costs Units Materials c. Calculate the Cost per EUP d. Allocate Costs e. Reconcile the costs 2900 4770 6420 1250 2100 10172 2. Complete the FIFO Process Costing for this company a. Reconcile flow of goods b. Determine EUP Materials 100% Requirements: 1. Complete the Weighted Average Process Costing for this company a. Reconcile flow of goods b. Determine EUP 100% Conversion 1409 2301 Conversion Total 3. Compare the two methods and determine which method would be more adventageous for the company. Why? 60% 80% 3509 12473

Newton Winery in Newton, Massachusetts, 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 incurred evenly throughout each process. Data from the month of March for the fermenting department are as follows: Requirements: 1. Complete the Weighted Average Process Costing for this company a. Reconcile flow of goods b. Determine EUP c. Calculate the Cost per EUP d. Allocate costs e. Reconcile the costs 2. Complete the FIFO Process Costing for this company a. Reconcile flow of goods b. Determine EUP c. Calculate the Cost per EUP d. Allocate Costs e. Reconcile the costs 3. Compare the two methods and determine which method would be more adventageous for the company. Why