weighted-average method. Data from the month of March for the Fermenting Department are as follows: Johnson...
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weighted-average method. Data from the month of March for the Fermenting Department are as follows: Johnson 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 (Click the icon to view the data from March.) Read the requirements. Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and for Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of Johnson Winery Production Cost Report - Fermenting Department (Partial) UNITS Units to account for: Month Ended March 31 Data Table Gallons Beginning Work-in-Process Inventory Started in production 600 gallons 9,300 gallons Equivalent Units Completed and transferred out to Packaging in March 4,800 gallons i Requirements Physical Units Direct Materials Conversion Costs Ending Work-in-Process Inventory (80% of the way 5,100 gallons through the fermenting process) Costs - Total units to account for Units accounted for: Total units accounted for Choose from any list or enter any number in the input fields and then click Check Answer. 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 Print Done 936 180 190 9,360 2,746 3,100 $ 15,206 1. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. 2. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Fermenting Department ending Work-in-Process Inventory. Print Done weighted-average method. Data from the month of March for the Fermenting Department are as follows: Johnson 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 (Click the icon to view the data from March.) Read the requirements. Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and for Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of Johnson Winery Production Cost Report - Fermenting Department (Partial) UNITS Units to account for: Month Ended March 31 Data Table Gallons Beginning Work-in-Process Inventory Started in production 600 gallons 9,300 gallons Equivalent Units Completed and transferred out to Packaging in March 4,800 gallons i Requirements Physical Units Direct Materials Conversion Costs Ending Work-in-Process Inventory (80% of the way 5,100 gallons through the fermenting process) Costs - Total units to account for Units accounted for: Total units accounted for Choose from any list or enter any number in the input fields and then click Check Answer. 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 Print Done 936 180 190 9,360 2,746 3,100 $ 15,206 1. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. 2. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Fermenting Department ending Work-in-Process Inventory. Print Done
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