Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer it step by step Dana Ismail & | 03/22/20 5:46 PM Homework: Chapter 5 Homework Score: 0.36 of 1 pt + 7 of

please answer it step by step image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Dana Ismail & | 03/22/20 5:46 PM Homework: Chapter 5 Homework Score: 0.36 of 1 pt + 7 of 7 (7 complete) %E5-33A (similar to) Save HW Score: 90.82%, 6.36 of 7 pts Question Help Johnson Winery in Hampton, New Hampshire, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the formenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process. Data from the month of March for the Fermenting Department are as follows: B Click the icon to view the data from March.) Read the requirements. Direct Materials Conversion Costs Total Beginning work in process Plus: Costs added during March Total costs to account for Divided by: Total equivalent units Cost per equivalen/unit CHOOSE Tom any list or enter any number in the input fields and then click Check Answer Check Answer Clear All remaining o te - - 9 here to search DELL Data Table ng of pnth of Gallons: Beginning work in process inventory 2,800 gallons Started production .... 4,620 gallons Completed and transferred out to Packaging in March .... 16,420 gallons Ending work in process inventory (80% of the way through the fermenting process) 1,000 gallons Costs: Beginning work in process inventory ($2,200 of direct $ 3,662 materials and $1,462 of conversion cost) osts added during March: Print Done TOR 1.08 ng of the bnth of N Ending work in process inventory (80% of the way through the fermenting process) Costs: Beginning work in process inventory ($2,200 of direct 1,000 gallons $ 3,662 materials and $1,462 of conversion cost) Costs added during March: Direct materials Direct labor Manufacturing overhead $ 10,414 950 1,920 $ 13,284 Total costs added during March.. Print Done 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? Data Table ing of pnth of Gallons: Beginning work in process inventory 2,800 gallons Started production ... 4,620 gallons Completed and transferred out to Packaging in March ..... 16,420 gallons Ending work in process inventory (80% of the way through the fermenting process) 1,000 gallons Costs: Beginning work in process inventory ($2,200 of direct $ 3,662 materials and $1,462 of conversion cost) osts added during March: Die Print Done 0.6 ing of the pnth of N Ending work in process inventory (80% of the way through! the fermenting process) Costs: Beginning work in process inventory ($2,200 of direct 1,000 gallons $ 3,662 materials and $1,462 of conversion cost) Costs added during March: Direct materials Direct labor Manufacturing overhead $ 10,414 950 1,920 $ 13,284 Total costs added during March. Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Custom Edition For National American University

Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver

9th Edition

1256297585, 978-1256297581

More Books

Students also viewed these Accounting questions