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). Data from the month of March for the Fermenting Department are as follows: : (Click the icon to view the data from March.) Wilson Winery completed the following production cost report for its Fermenting Department for the month of March: (Click the icon to view the production cost report.) Conversion costs are added evenly throughout each process. The company use the weighted average method. Read the requirements. Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Mar. 31 18,716 Work-in-Process InventoryFermenting Raw Materials Inventory Manufacturing Overhead Wages Payable 10,672 4,552 3,492 Also prepare the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department. Date Accounts Debit Credit Mar. 31 Wilson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion Total Materials Costs Costs COSTS Costs to account for: Beginning work-in-process 6 1,328 $ 10,672 380 $ 8,044 1,708 18,716 | Costs added during the period Total costs to account for 20,424 Divided by: Total equivalent units of production 12,000 $ 10,000 1.20 $ 8,424 $ 9,360 0.90 15 | Cost per equivalent unit Costs accounted for: Completed and transferred out 8,160 $ 3,840 6,120 $ 2,304 14,280 6,144 Ending work-in-process 16 || 12,000 $ 8,424 $ 20,424 Total costs accounted for 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) 700 gallons 9,300 gallons 6,800 gallons 3,200 gallons Costs Beginning Work-in-Process Inventory: Direct materials $ 1,328 200 Direct labor Manufacturing overhead allocated 180 Costs added during March: Direct materials Direct labor 10,672 3,492 4.552 Manufacturing overhead allocated $ 18,716 Total costs added during March