Data Table Gallons: Beginning work in process inventory 2,200 gallons 5,870 gallons Started production Completed and trans ferred out to Packaging in March 6,570 gallons Ending work in process inventory (80% of the way through the fermenting process) 1,500 gallons Costs: Beginning work in process inventory ($2,600 of direct 4,634 materials and $2,034 of conversion cost) Costs added during March: S 10,312 Direct materials Direct labor 650 1,978 Manufacturing overhead S 12,940 Total costs added during March Print Done Shelton Winery in Sacramento, California, 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. Data from the month of March for the Fermenting Department are as follows: Requirement 1. Fill in the time line for the Fermenting Department |Complete |Complete Start Requirement 2. Summarize the flow of physical units and compute the total equivalent units. Fermenting Department Equivalent Unit Computation Month Ended March 31 Equivalent Units Flow of Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Units accounted for Total equivalent units Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs. (Enter the cost per equivalent unit to the nearest cent.) Fermenting Department Cost per Equivalent Unit Month Ended March 31 Conversion Direct Materials Costs Total Cost per equivalent unit Requirement 4. Assign total costs to units (gallons) (a) completed and transferred out to the Packaging Department and (b) in the Fermenting Departments ending work in process inventory the preceding step. Enter your answers to the nearest cent.) Fermenting Department Month Ended March 31 Assigning Costs Direct Conversion Materials Costs Total a. Completed and transferred out b. Ending work in process: Total costs accounted for Requirement 5. What is the average cost per gallon transferred out of Fermenting into Packaging? Why would the company's managers want to know this cost? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per unit. (Abbreviation used: Avg. Average. Enter your answer to two decimal places.) Avg. cost per gallon Why would Shelton's managers want to know this cost? Managers will want to know this cost to compare it to their They may also use the cost information when Data Table Gallons: Beginning work in process inventory 2,200 gallons 5,870 gallons Started production Completed and trans ferred out to Packaging in March 6,570 gallons Ending work in process inventory (80% of the way through the fermenting process) 1,500 gallons Costs: Beginning work in process inventory ($2,600 of direct 4,634 materials and $2,034 of conversion cost) Costs added during March: S 10,312 Direct materials Direct labor 650 1,978 Manufacturing overhead S 12,940 Total costs added during March Print Done Shelton Winery in Sacramento, California, 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. Data from the month of March for the Fermenting Department are as follows: Requirement 1. Fill in the time line for the Fermenting Department |Complete |Complete Start Requirement 2. Summarize the flow of physical units and compute the total equivalent units. Fermenting Department Equivalent Unit Computation Month Ended March 31 Equivalent Units Flow of Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Units accounted for Total equivalent units Requirement 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs. (Enter the cost per equivalent unit to the nearest cent.) Fermenting Department Cost per Equivalent Unit Month Ended March 31 Conversion Direct Materials Costs Total Cost per equivalent unit Requirement 4. Assign total costs to units (gallons) (a) completed and transferred out to the Packaging Department and (b) in the Fermenting Departments ending work in process inventory the preceding step. Enter your answers to the nearest cent.) Fermenting Department Month Ended March 31 Assigning Costs Direct Conversion Materials Costs Total a. Completed and transferred out b. Ending work in process: Total costs accounted for Requirement 5. What is the average cost per gallon transferred out of Fermenting into Packaging? Why would the company's managers want to know this cost? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per unit. (Abbreviation used: Avg. Average. Enter your answer to two decimal places.) Avg. cost per gallon Why would Shelton's managers want to know this cost? Managers will want to know this cost to compare it to their They may also use the cost information when