Computing EUP, assigning costs, with beginning WIP, no costs transferred inShea 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 weight-average method. Data from the month of March for the Fermenting Department are as follows:RequirementsCompute the Fermenting Departments equivalent units of production for direct materials and for conversion costs.Compute the total costs of the units (gallons)completed and transferred out to the Packaging Department.in the Fermenting Department ending Work-in-Process Inventory. GallonsBeginning Work-in-Process Inventory500 gallonsStarted in production8,600 gallonsCompleted and transferred out to Packaging in March7,900 gallonsEnding Work-in-Process Inventory (80% of the waythrough the fermenting process)1,200 gallonsCostsBeginning Work-in-Process Inventory:Direct materials540Direct labor195Manufacturing overhead allocated210Costs added during March:Direct materials9,288Direct labor3,305Manufacturing overhead allocated3,378Total costs added during March$ 15,971

Name: Computing EUP, assigning costs, with beginning WIP, no costs transferr
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Description: Computing EUP, assigning costs, with beginning WIP, no costs transferred inShea 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

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Gallons Beginning Work-in-Process Inventory 500 gallons Started in production 8,600 gallons Completed and transferred out to Packaging in March 7,900 gallons Ending Work-in-Process Inventory (80% of the way through the fermenting process) 1,200 gallons Costs Beginning Work-in-Process Inventory: Direct materials 540 Direct labor 195 Manufacturing overhead allocated 210 Costs added during March: Direct materials 9,288 Direct labor 3,305 Manufacturing overhead allocated 3,378 Total costs added during March $ 15,971

Gallons Beginning Work-in-Process Inventory 500 gallons Started in production 8,600 gallons Completed and transferred out to Packaging in March 7,900 gallons Ending Work-in-Process Inventory (80% of the way through the fermenting process) 1,200 gallons Costs Beginning Work-in-Process Inventory: Direct materials 540 Direct labor 195 Manufacturing overhead allocated 210 Costs added during March: Direct materials 9,288 Direct labor 3,305 Manufacturing overhead allocated 3,378 Total costs added during March $ 15,971

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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