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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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**Samson Winery Data Analysis** Samson Winery, located in Pleasant Valley, New York, operates two main departments: Fermenting and Packaging. The production process involves adding direct materials at the beginning of the fermenting stage (grapes) and at the packaging stage (bottles). Conversion costs are distributed evenly throughout each phase. The company adopts the weighted-average method for calculating these costs. Below is the March data for the Fermenting Department: [Click the icon to view the data from March.] **Read the requirements.** --- **Equivalent Units Analysis** The table below delineates the equivalent units for March: | **UNITS** | **Physical Units** | **Equivalent Units** | |----------------------------|--------------------|------------------------| | | | **Direct Materials** | **Conversion Costs** | | **Units to account for:** | | | | | | [Input Field] | | | | | [Input Field] | | | | **Total units to account for** | [Input Field] | [Input Field] | | | **Units accounted for:** | | | | | | [Input Field] | | | | | [Input Field] | | | | **Total units accounted for** | [Input Field] | [Input Field] | [Input Field] | This table supports understanding the distribution of materials and conversion costs, helping in the accurate determination of product costs during the production process.
Transcribed Image Text:**Samson Winery Data Analysis** Samson Winery, located in Pleasant Valley, New York, operates two main departments: Fermenting and Packaging. The production process involves adding direct materials at the beginning of the fermenting stage (grapes) and at the packaging stage (bottles). Conversion costs are distributed evenly throughout each phase. The company adopts the weighted-average method for calculating these costs. Below is the March data for the Fermenting Department: [Click the icon to view the data from March.] **Read the requirements.** --- **Equivalent Units Analysis** The table below delineates the equivalent units for March: | **UNITS** | **Physical Units** | **Equivalent Units** | |----------------------------|--------------------|------------------------| | | | **Direct Materials** | **Conversion Costs** | | **Units to account for:** | | | | | | [Input Field] | | | | | [Input Field] | | | | **Total units to account for** | [Input Field] | [Input Field] | | | **Units accounted for:** | | | | | | [Input Field] | | | | | [Input Field] | | | | **Total units accounted for** | [Input Field] | [Input Field] | [Input Field] | This table supports understanding the distribution of materials and conversion costs, helping in the accurate determination of product costs during the production process.
**Data Table Overview:** This data table presents an overview of the production and cost details for a manufacturing process involving liquid inventory measured in gallons. The table is divided into two main sections: Gallons and Costs. **Gallons:** - **Beginning Work-in-Process Inventory:** 700 gallons - **Started in Production:** 7,300 gallons - **Completed and Transferred Out to Packaging in March:** 7,000 gallons - **Ending Work-in-Process Inventory (80% of the way through the fermenting process):** 1,000 gallons **Costs:** - **Beginning Work-in-Process Inventory:** - Direct Materials: $3,930 - Direct Labor: $250 - Manufacturing Overhead Allocated: $230 - **Costs Added During March:** - Direct Materials: $4,550 - Direct Labor: $142 - Manufacturing Overhead Allocated: $3,278 - **Total Costs Added During March:** $7,970 This data provides insight into the flow of physical inventory through different stages of production, as well as the associated costs for both the beginning inventory and those added during the production period.
Transcribed Image Text:**Data Table Overview:** This data table presents an overview of the production and cost details for a manufacturing process involving liquid inventory measured in gallons. The table is divided into two main sections: Gallons and Costs. **Gallons:** - **Beginning Work-in-Process Inventory:** 700 gallons - **Started in Production:** 7,300 gallons - **Completed and Transferred Out to Packaging in March:** 7,000 gallons - **Ending Work-in-Process Inventory (80% of the way through the fermenting process):** 1,000 gallons **Costs:** - **Beginning Work-in-Process Inventory:** - Direct Materials: $3,930 - Direct Labor: $250 - Manufacturing Overhead Allocated: $230 - **Costs Added During March:** - Direct Materials: $4,550 - Direct Labor: $142 - Manufacturing Overhead Allocated: $3,278 - **Total Costs Added During March:** $7,970 This data provides insight into the flow of physical inventory through different stages of production, as well as the associated costs for both the beginning inventory and those added during the production period.
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