Royal Vine Winery in Sacramento, California, 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: (Click the icon to view the data from March.) Read the requirements Data table Requirement 1. Fill in the time line for the Fermenting Department. Gallons: Beginning work in process inventory 2.900 gallons Complete Complete Started production 4.770 gallons Start Completed and transferred out to Packaging in March . . .. 6.420 gallons Ending work in process inventory (80% of the way through the fermenting process) . . . . 1.250 gallons Costs: Beginning work in process inventory ($2.100 of direct materials 3,509 and $1,409 of conversion cost) Costs added during March: Direct materials 10.172 Direct labor 1,000 Requirement 2. Summarize the flow of physical units and compute the total equivalent units. Manufacturing overhead 1,301 Fermenting Department Total costs added during March . . 12,473 Equivalent Unit Computation Month Ended March 31 - X Flow of Equivalent Units Requirements Physical Print Done Direct Conversion Flow of Production Units Materials Costs 1. Fill in the time line for the Fermenting Department. Units to account for: 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 Units accounted for: 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? Total equivalent units Print DoneRoyal Vine Winery in Sacramento, California, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of Eff(Click the icon to view the data from March.) Gallons: Read the requirements. Beginning work in process inventory 2.900 gallons Started production 4.770 gallons Completed and transferred out to Packaging in March . . . . . 6.420 gallons Ending work in process inventory (80% of the way through the fermenting process) Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs. (Enter the cost per equivalent unit to the nearest cent) . . . 1.250 gallons Costs: Fermenting Department Beginning work in process inventory ($2.100 of direct materials S 3.509 Cost per Equivalent Unit and $1,409 of conversion cost) Month Ended March 31 Costs added during March: Direct Conversion Direct materials 10.172 1.000 Materials Costs Total Direct labor 1,301 Manufacturing overhead S 12.473 Total costs added during March . . .. Print Cost per equivalent unit Done Requirement 4. Assign total costs to units (gallons) (a) completed and transferred out to the Packaging Department and (b) in the Fermenting Department's ending work in process inventory. (E Fermenting Department Month Ended March 31 Assigning Costs - X Direct Conversion Requirements Materials Costs Total Completed and transferred out: 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. b. Ending work in process: 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? Total costs accounted forRequirement 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? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per unit. (Abbreviation used: Avg. = Average. Enter your answer to two decimal places.) Avg. cost per gallon Why would Royal Vine's managers want to know this cost? Managers will want to know this cost to compare it to their They may also use the cost information when