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that is all the information i have other than these options for the 1st part. i cant see the other 3 parts rep - X
that is all the information i have other than these options for the 1st part. i cant see the other 3 parts
rep - X Reference bss. Ass are Total Costs 443 14,741 Smithson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion COSTS Materials Costs Costs to account for: Beginning work-in-process $ 43 $ 400 $ Costs added during the period 9,801 4,940 Total costs to account for $ 9,844 $ 5,340 $ Divided by: Total equivalent units of production 9,200 8,900 $ 1.07 $ 0.60 Cost per equivalent unit Costs accounted for Completed and transferred out 8,239 $ 4,620 $ Ending work-in-process 1,605 720 Total costs accounted for $ 9,844 $ 5,340 $ 15,184 $ 12,859 2,325 15,184 Print Done Clear All nework 3 of 5 (2 complete) ts: Fern he end Data Table - Xuction cost report.) each proce Gallons ent of die ansferre epartment. A 400 gallons 8,800 gallons 7,700 gallons 1,500 gallons direct me bent. (Prepar 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) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor Manufacturing overhead allocated Total costs added during March $ 43 220 180 9,801 440 4,500 $ 14,741 and then Print Done Clear All Fermenting and Packaging. Direct materials are e end of the packaging process (bottles). Data from Smithson Winery completed the following production cost (Click the icon to view the production cost report.) Conversion costs are added evenly throughout each proces Read the requirements. rtment. A nt a nsfc 0 Requirements - X ired (Prepare 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Fermenting Department. Assume labor costs are accrued and not yet paid. Also prepare the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department. 2. Post the journal entries to the Work-in-Process Inventory-Fermenting T-account. What is the ending balance? 3. What is the average cost per gallon transferred out of the Fermenting Department into the Packaging Department? Why would Smithson Winery's managers want to know this cost? Print Done and then click Check Answer. Clear All Question Help Smithson Winery in Pleasant Valley, New York, has two departments: Formenting and Packaging Direct materials are added at the beginning of the fermenting processes and at the end of the packaging process (boles) Data from Smithson Winery completed the following production cost report for its Fermenting Department for the month of March the month of March for the Fermenting Department are as follows Click the icon to view the production cost report) Click the icon to view the data from March) Conversion costs are added evenly throughout each process. The company was the weighted average method Read the remets Requirement 1. Prepare the journal entries to record the assignment of direct matters and direct labor and the location of manufacturing overhead to the Fermenting Department. Assume labor costs are aceed and not yet ped. Also prepare the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department Begin wih the summary ouma entry to record the assignment of direct materials and direct labor and the location of manufacturing overhead to the Fermenting Department. Prepare a single compound journal entry Pacord debts true, then credits. Exclude explanations from any ouma entre) Date Accounts Debit Credit Mar 31 24 (similar to) on Winery in Pleasant Valley, New York, has two departments: Fermenting and Pa at the beginning of the fermenting process (grapes) and at the end of the packagir mth of March for the Fermenting Department are as follows: ck the icon to view the data from March.) ement 1. Prepare the journal entries to record the assignment of direct materials a mal entry to record the cost of the gallons completed and transferred out to the Pac with the summary journal entry to record the assignment of direct materials and dire Exclude explanations from any journal entries.) ate Accounts Debit T. 31 Manufacturing Overhead Raw Materials Inventory Wages Payable Work-in-Process Inventory-Fermenting Work-in-Process Inventory-Packaging from any list or enter any number in the input fields and then click Check Ans s aining Step by Step Solution
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