Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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:
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.
image text in transcribed
image text in transcribed
image text in transcribed
Requirements 1. 2. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. 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 Samson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. D are added evenly throughout each process. The company uses the weighted average method. Da (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 ma Complete the partial production cost report below for the Fermenting Department, showing the equi Samson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for Completed and transferred out Ending work-in-process Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for Help me solve this Demodocs example Get more help - X 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) Costs Beginning Work-in-Process Inventory: Direct materials 800 gallons 9,200 gallons 6,800 gallons 3,200 gallons 4,389 Direct labor 200 250 Manufacturing overhead allocated Costs added during March: Direct materials Direct labor Manufacturing overhead allocated 8,611 3,364 4,610 Total costs added during March GA 16,585

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management Accounting With Myaccountinglab And

Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg, Dave Burgstahler

1st Edition

1292178116, 978-1292178110

More Books

Students also viewed these Accounting questions

Question

Understanding Group Leadership Culture and Group Leadership

Answered: 1 week ago