requirements 1-5 with steps on how to complete
Process Costing Es-35A Completo five-step procedure in first department femming Objective 3) Padson Winwy In Albury, New York, has two departments Fermenting and Packaging Direct materials are added at the beginning of the formering processors and at the end of the packaging process bottles)Conversion costs are incurred evenly throughout each procent. Data from the month of March for the Fermenting Department was follows Gallons Beginning work in process inventory 2,100 gallons Started production 5.840 gallons Completed and transferred out to Packaging in March 6560 galons Ending work in process inventory (80% of the way through the 1.400 gallons fermenting process) Costi Beglroing work in procent ventory 1$2.500 of direct materials and $3.715 of conversion or 56295 Costs added during March Direct materials $ 9,440 Drect labor 600 Mandlacturing overhead 1829 Total costs added during March $11.ME Requirements 1. Draw a timeline for the Fermenting Department 2. Summarize the flow of physical units and compute the roletni 5. Summare total costo count for and compute the cost per quantunt for rect materials and conversion cost. Augn total couts to units alone Completed and transferred out to the Packaging Depart In the Formenting Department ending work in procesory 5. What is the weage cout par galen fred out of Foreign Pedaging Why would the company's managers want to know this? 5244 Subicado 24 so MacBook Pro 20 888 3 BE 1 2 # 3 $ 4 % 5 6 & 7 Q W E R T Y S S D F G H Process C E5-35A Complete five-step procedure in first department (Learning Objective 3) Paulson Winery in Albany, 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 incurred evenly throughout each process. Data from the month of March for the Fermenting Department are as follows: Gallons: Beginning work in process inventory. 2,100 gallons Started production. 5,860 gallons Completed and transferred out to Packaging in March ............. 6,560 gallons Ending work in process inventory (80% of the way through the 1,400 gallons fermenting process) Costs: Beginning work in process inventory ($2,500 of direct materials and $3,715 of conversion cost) $ 6,215 Costs added during March: Direct materials $ 9,440 Direct labor ...... 600 Manufacturing overhead 1,829 Total costs added during March $11,869 Requirements 1. Draw a timeline 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 di- rect 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? Sunt in abilitu 5260
