the end of the packaging process (bottles). Conversion costs Paulson Winery in Pleasant Valley, New...
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the end of the packaging process (bottles). Conversion costs Paulson 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 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: B (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 materials and for conversion costs. Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of production for direct materials and for conversion costs. Paulson Winery 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 200 Started in production 7,800 8,000 Total units to account for Units accounted for: Completed and transferred out 7,000 7,000 7,000 1,000 Ending work-in-process 1,000 800 8,000 8,000 7,800 Total units accounted for Requirement 2. Compute une totai COSIS OI the units (galions) (a) completed and transferred out to the packaging Department, and (v) in the fermenting Department ending vvork-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.) Paulson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Beginning work-in-process 255 $ 400 655 Costs added during the period 10,545 5,060 15,605 Total costs to account for 10,800 $ 5,460 $ 16,260 Divided by: Total EUP 8,000 7,800 $ 1.35 $ 0.70 Cost per equivalent unit Costs accounted for: Completed and transferred out 4,900 9,450 $ 1,350 14,350 1,910 560 Ending work-in-process 10,800 $ 5,460 $ 16,260 Total costs accounted for Paulson 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: (Click the icon to view the data from March.) Read the requirements i Data Table Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and Complete the partial production cost report below for the Formenting Department showing the equivalent unit 700 gallons 8,800 gallons 7,500 gallons Paulson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs 2,000 gallons 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 UNITS Units to account for: $ 1,835 170 190 Total units to account for 8,330 Units accounted for Direct labor 4,552 Manufacturing overhead allocated 3,278 $ 16,160 Total costs added during March Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 2
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