Wilson 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 weighted-average method. Data from the month of March for the Fermenting Department are as follows:
A Data Table Gallons 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) 900 gallons 9,000 gallons 4,800 gallons 5,100 gallons Costs Beginning Work-in-Process Inventory: Direct materials $ 1,431 Direct labor 150 240 Manufacturing overhead allocated Costs added during March: Direct materials Direct labor 9,360 2,992 4,610 Manufacturing overhead allocated 16,962 Total costs added during March Print Print Done Done Wilson 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 weighted average method. 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. Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of production for direct materials and for conversion costs. Wilson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units to account for: Beginning work-in-process 900 Started in production 9000 9900 Total units to account for Units accounted for: Completed and transferred out 4800 5100 4800 5100 4800 4080 Ending work-in-process 9900 9900 Total units accounted for 8880 Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Fermenting Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then the total cost of units completed and transferred out and of units in ending inventory in the following step. (Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.) Wilson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Choose from any list or enter any number in the input fields and then continue to the next
