50.1K

Verified Solution

Link Copied!

4 cussion -Exam-2 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 (bottes). Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the data from March) Accounts Work-in-Process Inventory-Fermenting Wages Payable Mar 31 Prepare the journal entry to record the assignment of direct labor to the Fermenting Department. Assume labor costs are accrued and not yet paid. Date Debit Credit Mar 31 Accounts Work-in-Process Inventory-Fermenting Work-in-Process Inventory-Packaging CTD Help me solve this Prepare the journal entry for the allocation of manufacturing overhead to the Fermenting Department Date Etext pages Get more help. Johnson Winery completed the following production cost report for Fermenting Department for the month of March Debit (Click the soon to view the production cost report) Conversion costs are added evenly throughout each process. The company uses the weighted average method. Read the requirements 470 10000 470 Credit Save 10800 Clear all Check answer KM NIR ARABANT YER MO : -18 Student/PlayerHomework.aspathomeworkid-626665345&questionid1&flushed-false&cid-0079295m 2022 han art to his C Data table $ Gallons Beginning Work in Process Inventory Started in production Completed and transfered out to Packaging in March Ending Work in Process Inventory (80% of the way through the fermenting process) Cost Beginning Work in Process inventory Direct ma Elext pages Question 2, EM3-24 (similar Direct labor Manufacturing overhead allocated Costs added during March Direct matrials Direct labor Manufacturing overhead allocated Total coets added during March *5 Print Get more help % G MacBook Pro Done 6 07 7 HW Score: 63.37%, 2.53 of 8. 900 gallons 7,100 gallons 7,000 ga 1.000 gallons 8 972 250 190 9,828 470 4550 14,848 07/0 Clear all A 61 rep teac htp - Student/PlayerHomework.aspxhomeworkid-626665345&questionid1&fushed-false&cid=60792956cen 2022 Reference US COSTS Costs to account for Beginning work-in-process Costa added during the period Johnson Winery Production Cost Report-Fermenting Department (Partial) Month Ended March 31 Total costs to account for Divided by Total equivalent units of production Cost per equivalent un Costs accounted for Completed and transferred out Ending work-in-process Total costs accounted for VS D Question 2. EM3-24 inimilar Etext pages Get more help *5 % 5 Print G T 6 $ V S $ Direct Materiale $ 9.828 & 7 972 5 10.800 MacBook Pro 8.000 Done Conversion Costs 135 1 9,450 $ 1.350 10,000 $ 11 HW Score: 63.37%. 2.53 of 4 8. 8 440 S 5.020 5400 S 7,800 6.70 4,900 $ 500 5.400 S A - F 07/04/22 Total Costs 0 1,412 14,848 16.200 14.350 1.310 16.250 ( 9 O Johnson Winery in Pleasant Valey, 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 (bottes). Data from the month of March for the Fermenting Department are as follows (Click the icon to view the data from March) Requirement 1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Fermenting Department. Assume labor costs are accrued and not yet paid. Also prepare the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department. (Record debits first, then credits Exclude explanations from any journal entries) Johnson 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 Begin with the journal entry to record the assignment of direct materials to the Fermenting Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps Date Debit Mar 31 Accounts Work-in-Process Inventory-Fermenting Raw Materials inventory Help me solve this Etext pages Get more help - 9,828 Prepare the journal entry to record the assignment of direct labor to the Fermenting Department. Assume labor costs are accrued and not yet paid. Date Accounts Debit Credit Mar 31 Work-in-Process inventory--Fementing 470 Credit D 9,428 D Clear all Check answer fa qu 11 PA poff 00000 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) Data from the month of March for the Fermenting Department are as follows (Click the icon to view the data from March.) Date Mar 31 Accounts Work-in-Process Inventory-Fermenting Raw Materials Inventory KTER Accounts Work-in-Process Inventory-Fermenting Wages Payable Debit Johnson 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 9.828 Credit 9,828 Prepare the journal entry to record the assignment of direct labor to the Fermenting Department. Assume labor costs are accrued and not yet paid. Debit Credit Date 470 Mar 31 1 Prepare the journal entry for the allocation of manufacturing overhead to the Fermenting Department. 470 Save Clear all Check answer E qinyu MAX AR 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). Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the data from March.) Prepare the journal entry to record the assignment of direct labor to the Fermenting Department. Assume labor costs are accrued and not yet paid Date: Accounts Debit Credit Mar. 31 Work-in-Process Inventory-Fermenting Wages Payable Accounts Mar 31 Work-in-Process Inventory-Fermenting Work-in-Process Inventory-Packaging Johnson 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 Prepare the journal entry for the allocation of manufacturing overhead to the Fermenting Department. Date 470 Debit 10800 470 Credit 10800 Clear all Check answer ainu 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). Data from the month of March for the Fermenting Department are as follows: (Click the icon to view the data from March) Prepare the journ Date Mar. 31 Prepare the journ Date Mar. 31 Manufacturing Overhead Raw Materials Inventory Wages Payable Work-in-Process Inventory-Fermenting Work-in-Process Inventory-Packaging Part 3 of 7 Work-in-Process Inventory-Fermenting Work-in-Process Inventory-Packaging 30 Y Cam ving Department. Assume labor costs are accrued and not yet paid Debit Credit 470 Johnson Winery completed the following production cost report for t Fermenting Department for the month of March (Click the loon to view the production cost report) Conversion costs are added evenly throughout each process. The company uses the weighted average method. Read the requirements ementing Department. Debit 10800 470 Points: 0.05 of 1 Credi 10800 Save Ciocol Check answer BU y Ga x 4 Do Homework- Chapter 18 Homework PlayerHomework.aspx?homeworkid=626665345&questionid=1&flushed=false&cid=6971 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 Direct labor Manufacturing overhead allocated Costs added during March Direct materials Direct labor Manufacturing overhead allocated Total costs added during March Question 2. EM3-24 (similar 25 text pagus Get more help % 5 Print G 6 MacBook Pro Done 17 & 7 R 80. Yu Qin HW Score: 63.37%.2 900 gallons 7,100 gallons 7,000 gallons 1,000 gallons 972 250 190 9.828 470 4.550 14,848 Clear an 9 Homewo Johnson Winery in and Packaging. Dir process (grapes) an month of March for (Click the loan Prepare the journal Date Mar. 31 W Prepare the journal Date Mar. 31 1135 Reference COSTS Costs to account for Beginning work-in-process Johnson Winery Production Cost Report-Fermenting Department (Partial) Month Ended March 31 Costs added during the period Total costs to account for Divided by: Total equivalent units of production Cost per equivalent unit Costs accounted for Completed and transferred out Ending work-in-process Total costs accounted for Print $ S $ similar $ Direct Materials 972 5 9,828 10,000 $ 8.000 1.35 $ 9,450 $ 1,350 10,000 $ HW Score: 63.37%. 2.53 of 4 Done Conversion Costs 440 S 5,020 5,400 7,800 0.70 4.000 560 5.460 S Total Costs 1412 14,640 16.260 14,350 1,910 16.200 Save t report for its The siny FR 2000 Per

Answer & Explanation Solved by verified expert

See Answer