Homework Answers
Cost per equivalent unit
| Direct material | Conversion Cost | Total Cost | |
| COSTS | |||
| Cost to account for | |||
| Beginning work in process | 1062 | 350 | 1412 |
| Cost added during the period | 9828 | 7642 | 17470 |
| Total cost to account for | 10890 | 7992 | 18882 |
| Equivalent unit | 9900 | 8880 | |
| Cost per equivalent unit | 1.10 | 0.90 | 2 |
Cost of unit transferred out and ending work in process
| Material | Conversion | Total | |
| Cost of unit transferred out | 4800*1.1 = 5280 | 4320 | 9600 |
| Cost of ending WIP | 5610 | 3672 | 9282 |
| Total | 10890 | 7992 | 18882 |
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compute the total costs of the units completed and transferred out
to the packaging department
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800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed...
800 gallons 8,400 gallons 7,700 gallons 1,500 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 Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting...
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Smithson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct materials are...
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Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for...
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E18-23 (similar to) Johnson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging....
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800 gallons 8,400 gallons 7,700 gallons 1,500 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 Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting...
Smithson 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. Requirement 1. Compute the Fermenting Department's...
900 gallons 7,100 gallons 7,000 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 1,000 gallons 390 Direct labor 170 240 Manufacturing overhead allocated Costs added during March: Direct materials 8,330 Direct labor 1,950 3,100 Manufacturing overhead allocated $ 13,380 Total costs added during March Smith Winery in Pleasant Valley, New York, has two departments: Fermenting...
Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and Gallons: Fermenting Department Cost per Equivalent Unit Month Ended March 31 Beginning work in process inventory Started production Completed and transferred out to Packaging in March Ending work in process inventory (80% of the way through 2,700 gallons 5,450 gallons 6,550 gallons Direct Conversion Materials Costs Total the fermenting process) 1,600 gallons Costs Beginning work in process inventory ($2,400 of direct...
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Wilson Winery Production Cost Report - Fermenting Department (Partial) Month Ended March 31 Direct Conversion Total Materials Costs Costs COSTS Costs to account for: Beginning work-in-process 1,328 $ 10,672 380 $ 8,044 1,708 18,716 Costs added during the period Total costs to account for 20,424 12,000 $ 10,000 8,424 $ 9,360 Divided by: Total equivalent units of production 1.20 $ 0.90 Cost per equivalent unit Costs accounted for: Completed and transferred out 14,280 8,160 $ 3,840 12,000 $ 6,120 $...
Wilson 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.) Wilson Winery completed the following production cost report for its Fermenting Department for the month of March: (Click the icon to view the...
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