**Jackson Winery - Production Cost Report for Educational Website****Overview:**Jackson Winery in Pleasant Valley, New York, operates two departments: Fermenting and Packaging. In the Fermenting Department, direct materials, such as grapes, are added at the beginning of the process, while in the Packaging Department, they are added at the end. Conversion costs are spread evenly through each process. The winery uses the weighted-average method for cost calculation, with specific data provided for March in the Fermenting Department.**Instruction to Students:**Your task is to compute the total costs of units both completed and transferred out to the Packaging Department, and those remaining in the Fermenting Department as Work-in-Process Inventory, according to the information below.**Steps to Complete the Assignment:**1. **Cost Elements to Account For:** - **Beginning Work-in-Process** - **Costs Added During the Period**2. **Production Cost Report - Fermenting Department (Partial)** - **Month Ended: March 31** - **Categories: Direct Materials, Conversion Costs, Total Costs**3. **Calculations:** - Input costs for both direct materials and conversion costs based on the given data. - Calculate the total costs to account for. - Divide by the total units to account for in order to find the cost per equivalent unit (EUP). - Note: Round the cost per equivalent unit to the nearest cent and all other amounts to the nearest dollar.4. **Data Entry:** - Enter the relevant numbers in the provided fields. - After entering the data, click on 'Check Answer' to validate your input.**Graph/Diagram Explanation:**The diagram is a table with input fields corresponding to different cost categories and steps, capturing the flow of production costs within the Fermenting Department. The columns distinguish between Direct Materials, Conversion Costs, and Total Costs.**Abbreviation Used:**- **EUP:** Equivalent Units of ProductionComplete the entries based on your calculations and review them to ensure accuracy before submission. **Data Table Overview****Gallons:**- **Beginning Work-in-Process Inventory:** 200 gallons- **Started in production:** 9,700 gallons- **Completed and transferred out to Packaging in March:** 4,800 gallons- **Ending Work-in-Process Inventory:** 5,100 gallons (80% of the way through the fermenting process)**Costs:***Beginning Work-in-Process Inventory:*- **Direct materials:** $4,005- **Direct labor:** $150- **Manufacturing overhead allocated:** $240*Costs added during March:*- **Direct materials:** $9,360- **Direct labor:** $2,726- **Manufacturing overhead allocated:** $3,100**Total costs added during March:** $15,186This data table provides an overview of the production and cost data for a manufacturing process. It details the inventory in terms of gallons at various stages, and the associated costs for materials, labor, and overhead both at the beginning and added during the month of March.

Name: **Jackson Winery - Production Cost Report for Educational Website****
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: **Jackson Winery - Production Cost Report for Educational Website****Overview:**Jackson Winery in Pleasant Valley, New York, operates two departments: Fermenting and Packaging. In the Fermenting Department, direct materials, such as grapes, are adde