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 1,328 $ 10,672 380 $ 8,044 1,708 18,716 Costs added during the period Total costs to account for 20,424 12,000 $ 10,000 8,424 $ 9,360 Divided by: Total equivalent units of production 1.20 $ 0.90 Cost per equivalent unit Costs accounted for: Completed and transferred out 14,280 8,160 $ 3,840 12,000 $ 6,120 $ 2,304 6,144 Ending work-in-process 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) Costs Beginning Work-in-Process Inventory: 700 gallons 9,300 gallons 6,800 gallons 3,200 gallons Direct materials $ 1,328 Direct labor 200 180 Manufacturing overhead allocated Costs added during March: Direct materials 10,672 Direct labor 3,492 4,552 Manufacturing overhead allocated $ 18,716 Total costs added during March 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: E: (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 uses the weighted average method. Read the requirements. Mar. 31 14,280 Work-in-Process InventoryPackaging Work-in-Process InventoryFermenting 14,280 Requirement 2. Post the journal entries to the Work-in-Process InventoryFermenting T-account. What is the ending balance? Post the entries using the appropriate descriptions as posting references. Denote the ending balance as "Bal." Work-in-Process Inventory-Fermenting 1,708 Beg. Bal