Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE HELP URGENT ! Wilson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of
PLEASE HELP URGENT !
Wilson 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.) Data Table Read the requirements Month Ended March 31 Gallons Direct Conversion Total 700 gallons COSTS Materials Costs Costs Costs to account for: 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) 8,800 gallons 7,500 gallons Beginning work-in-process 4495 Costs added during the period 2,000 gallons Total costs to account for Costs Divided by: Total EUP Beginning Work-in-Process Inventory: Direct materials $ 4,495 Cost per equivalent unit Costs accounted for: Direct labor 210 250 Manufacturing overhead allocated Costs added during March: Direct materials 8,330 Total costs accounted for Direct labor 1,300 4,610 Choose from any list or enter any number in the input fields and then continue to the next question. Manufacturing overhead allocated $ 14,240 Total costs added during MarchStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started