Baker Winery manufactures a fine wine in two departments, Fermenting and Bottling. In the ...
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Baker Winery manufactures a fine wine in two departments, Fermenting and Bottling. In the Fermenting Department, grapes are aged in casks for a period of days. In the Bottling Department, the wine is bottled and then sent to the finished goods warehouse. Labor and overhead are incurred uniformly through both processes. Materials are entered at the beginning of both processes. Cost and production data for the Fermenting Department for December are presented below: Cost data Beginning work in process inventory Materials added during December Conversion costs added during December Total costs Production data Beginning work in process gallons Gallons started into production Ending work in process gallons $ $ of materials cost and $ conversion costs $$ Compute equivalent units of output for direct materials and conversion costs using the FIFO method. Use the chart below to help with calculations. EQUIVALENT UNITS Compute the unit material cost, unit conversion cost, and total manufacturing cost per unit using the FIFO Method. Round to Decimal Places Compute Cost of Goods Transferred Out and Ending Work in Process. 
Baker Winery manufactures a fine wine in two departments, Fermenting and Bottling. In the
Fermenting Department, grapes are aged in casks for a period of days. In the Bottling
Department, the wine is bottled and then sent to the finished goods warehouse. Labor and
overhead are incurred uniformly through both processes. Materials are entered at the
beginning of both processes. Cost and production data for the Fermenting Department for
December are presented below:
Cost data
Beginning work in process inventory
Materials added during December
Conversion costs added during December
Total costs
Production data
Beginning work in process gallons
Gallons started into production
Ending work in process gallons
$ $ of materials cost and $ conversion costs
$$
Compute equivalent units of output for direct materials and conversion costs using the FIFO
method. Use the chart below to help with calculations.
EQUIVALENT UNITS
Compute the unit material cost, unit conversion cost, and total manufacturing cost per unit
using the FIFO Method. Round to Decimal Places
Compute Cost of Goods Transferred Out and Ending Work in Process.
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