Homework: Chapter 7 Homework Seve Score: 0.04 of 1 pt % E5-31A (similar to) Shoi

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Homework: Chapter 7 Homework Seve Score: 0.04 of 1 pt % E5-31A (similar to) Shoiton Winery in bany, New York, has twe departments:Femening and Packaging. Direct materials are added at the beginning of the oemensing process (rapsend of the packaging process 3 of 4 (3 complete) Hw Score: 51.07%, 2.04 of 4 pts I Question Help (c ack the on to view the data from March ) Read the requirements Equivalent Unit Computation Month Ended Marech 31 Flow of Equivalent Units PhysicalDirect Conversion Flow of Production Units Costs Units to account for Units accounted for Choose from any ist or enter any number in the input felds and then olick Cheok Answer Clear A Check Anawer

Explanation / Answer

Solution 2:

Solution 3:

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Solution 5:

Average cost per gallon transferred out of fermenting into packaging = $15,088 / 6560 = $2.30 per gallon

Company's manager want to know this cost because on the basis of average cost per unit overall average cost of product will be determined and it will help managerst to fix appropriate price of product considering adequate margin on cost.

Computation of Equivalent unit of Production - Weighted Average (Fermenting Department) Particulars Physical Units Material Conversion (Labor + Overhead) Unit completed & Transferred out 6560 6560 6560 Closing WIP: 1400 Material (100%) 1400 Conversion (80%) 1120 Equivalent units of production 7960 7960 7680

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