Please read the full question as the program does not allow me to show all of the requirements at once. Thank you!
Gaspereau Vineyards in Nova Scotia 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. Data from the month of March for the Fermenting Department are as follows: B (Click the icon to view the data from March.) (Click the icon to view the assignment of costs.) Requirements 1. Present the journal entries to record the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. Also, give the journal entry to record the cost of the litres completed and transferred out to the Packaging Department. 2. Post the journal entries to the Work in Process InventoryFermenting T-account. What is the ending balance? Requirement 1. Present the journal entry to record the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. Also, give the journal entry to record the cost of the litres completed and transferred out to the Packaging Department. Let's begin with recording the entry for the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Let's begin with recording the entry for the use of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Conversion Costs Manufacturing Overhead Raw Materials Inventory Wages Payable Work in Process InventoryFermenting Work in Process InventoryPackaging Choose from an ; and then click Check Answer. ? 2 parts remaining Clear All Check Answer Litres: 2,000 litres 6,000 litres Beginning work in process inventory Started production Completed and transferred out to Packaging in March Ending work in process inventory (80% of the way through the fermenting process) 6,550 litres 1,450 litres Costs: Beginning work in process inventory ($2,800 of direct $ 5,655 materials and $2,855 of conversion cost) Costs added during March: Direct materials 8,800 Direct labour 1,600 6,000 litres 6,550 litres Started 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 ($2,800 of direct 1,450 litres $ 5,655 materials and $2,855 of conversion cost) Costs added during March: Direct materials 8,800 Direct labour 1,600 2,484 Manufacturing overhead $ 12,884 Total costs added during March. Gaspereau Vineyards Fermenting Department Assignment of Costs Direct Materials Conversion Costs Total 6,550 x( $ 1.45 + $ 0.90 ) $ 15,392.50 Assign costs: Completed and transferred out Ending work in process inventory: Direct materials 1,450 x $ 1.45 2,102.50 1,044.00 Conversion costs 1,160 x $ 0.90 Total ending work in process inventory, March 31 3,146.50 $ 18,539.00 Total cost accounted for
