Read the requirements. Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Total units to account for Units accounted for: Total units accounted for

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
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Jackson 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.
Production Cost Report - Fermenting Department (Partial)
Month Ended March 31
Equivalent Units
Physical
Direct
Conversion
UNITS
Units
Materials
Costs
Units to account for:
Total units to account for
Units accounted for:
Total units accounted for
Transcribed Image Text:Jackson 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. Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Total units to account for Units accounted for: Total units accounted for
Data Table
Gallons
Beginning Work-in-Process Inventory
200 gallons
Started in production
9,700 gallons
Completed and transferred out to Packaging in March
4,800 gallons
Ending Work-in-Process Inventory (80% of the way
5,100 gallons
through the fermenting process)
Costs
Beginning Work-in-Process Inventory:
Direct materials
$
4,005
Direct labor
150
Manufacturing overhead allocated
240
Costs added during March:
Direct materials
9,360
Direct labor
2,726
3,100
Manufacturing overhead allocated
$ 15,186
Total costs added during March
%24
Transcribed Image Text:Data Table Gallons Beginning Work-in-Process Inventory 200 gallons Started in production 9,700 gallons Completed and transferred out to Packaging in March 4,800 gallons Ending Work-in-Process Inventory (80% of the way 5,100 gallons through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials $ 4,005 Direct labor 150 Manufacturing overhead allocated 240 Costs added during March: Direct materials 9,360 Direct labor 2,726 3,100 Manufacturing overhead allocated $ 15,186 Total costs added during March %24
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