Samson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning c the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each proce 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. UNITS Units to account for: Total units to account for Units accounted for: Total units accounted for Physical Units ... Equivalent Units Direct Materials Conversion Costs

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 3BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
icon
Related questions
icon
Concept explainers
Topic Video
Question
Please answer
Samson 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.
UNITS
Units to account for:
Total units to account for
Units accounted for:
Total units accounted for
Physical
Units
Equivalent Units
Direct
Materials
Conversion
Costs
Transcribed Image Text:Samson 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. UNITS Units to account for: Total units to account for Units accounted for: Total units accounted for Physical Units Equivalent Units Direct Materials Conversion Costs
Data table
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
$
$
700 gallons
7,300 gallons
7,000 gallons
1,000 gallons
3,930
250
230
4,550
142
3,278
7.970
-
X
Transcribed Image Text:Data table 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 $ $ 700 gallons 7,300 gallons 7,000 gallons 1,000 gallons 3,930 250 230 4,550 142 3,278 7.970 - X
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage