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Acct 2002 PMA Fall 2021 Online section David Olson | 09/23/21 2:09 PM Homework: Chapter M:3 Homework Question 3, EM3-23 (simi... Part 3 of 3 HW Score: 4.9%. 4.9 of 100 points Points: 3.72 of 20 o Save Smith 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 I (Click the icon to view the data from March. Data Table Read the requirements. Complete the partial production cost report below for the Fermenting Department, showing the equivale Smith Winery 800 gallons 8,300 gallons 7,900 gallons 1,200 gallons Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Beginning work-in-process 800 Started in production 8,300 9,100 Total units to account 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: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor Manufacturing overhead allocated Total costs added during March $ 195 160 170 9.360 Units accounted for: Completed and transferred out 2,484 7,900 7,900 1,200 7,900 1,200 5. 160 980 Ending work-in-process $ 17,004 Total units accounted for 9,100 9,100 8,880 Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per eq f units in ending inventory in the Print Done Help Me Solve This e Text Pages Get More Help Similar Question 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 by calculating the 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) Total Costs 525 17,004 Smith Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion COSTS Materials Costs Costs to account for: Beginning work-in-process S 195's 330's Costs added during the period 9,360 7.644 " Total costs to account for S 9,556 S 7,974 $ Divided by: Total EUP 9.100 8,860 S 1.05 S 0.90 Cost per equivalent unit Costs accounted for: Completed and transferred out S 8,295 $ 7,110$ Ending work-in-process 1,260 864 S Total costs accounted for 9,555 $ 7,974's 17,529 15,405 2,124 17,529 Help Me Solve This e Text Pages Get More Help Similar Question Acct 2002 PMA Fall 2021 Online section David Olson | 09/23/21 2:09 PM Homework: Chapter M:3 Homework Question 3, EM3-23 (simi... Part 3 of 3 HW Score: 4.9%. 4.9 of 100 points Points: 3.72 of 20 o Save Smith 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 I (Click the icon to view the data from March. Data Table Read the requirements. Complete the partial production cost report below for the Fermenting Department, showing the equivale Smith Winery 800 gallons 8,300 gallons 7,900 gallons 1,200 gallons Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Beginning work-in-process 800 Started in production 8,300 9,100 Total units to account 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: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor Manufacturing overhead allocated Total costs added during March $ 195 160 170 9.360 Units accounted for: Completed and transferred out 2,484 7,900 7,900 1,200 7,900 1,200 5. 160 980 Ending work-in-process $ 17,004 Total units accounted for 9,100 9,100 8,880 Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per eq f units in ending inventory in the Print Done Help Me Solve This e Text Pages Get More Help Similar Question 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 by calculating the 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) Total Costs 525 17,004 Smith Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion COSTS Materials Costs Costs to account for: Beginning work-in-process S 195's 330's Costs added during the period 9,360 7.644 " Total costs to account for S 9,556 S 7,974 $ Divided by: Total EUP 9.100 8,860 S 1.05 S 0.90 Cost per equivalent unit Costs accounted for: Completed and transferred out S 8,295 $ 7,110$ Ending work-in-process 1,260 864 S Total costs accounted for 9,555 $ 7,974's 17,529 15,405 2,124 17,529 Help Me Solve This e Text Pages Get More Help Similar

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