Caltlin Carpet manufactures broadloom carpet in seven processes: spinning, dyein

Question

Caltlin Carpet manufactures broadloom carpet in seven processes: spinning, dyeing. plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added at the beginning of the process. Conversion costs are incurred evenly throughout the process. Information for November 2016 follows ?Click the icon to view the data.) | O Data Table Read the requirements Requirement 1. Prepare the November p Round all cost per unit amounts to the nea UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending work-in-Process (80% complete for conversion wook 75 rolils 560 rolls 500 rolls Produ 135 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs $4,400, materials cost, $1,575, conversion costs, $5,199) Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,445, manufacturing overhead allocated, $43,508) UNITS s 11,174 21,000 1,760 Units to account for Transferred in 51,953 Choose from any list or enter any numb PrintDone

Explanation / Answer

Computation of Equivalent Unit Transferred In Direct Materials Conversion Costs Unit Completed 500 500 500 Ending WIP 135 135 108 equivalent units 635 635 608 Dyeing Department Production Cost Report (Weighted-Average Method) Month Ended March 31 Transferred In Direct Materials Conversion Costs Total Beginning work in process, February 28 4400 1575 5199 11174 Costs added during March 21000 11760 51953 84713 Total costs 25400 13335 57152 0 equivalent units 635 635 608 Cost per equivalent unit 40 21 94 Assignment of total costs: Units completed and transferred out 500*(40+21+94) 77500 Ending work in process, March 31: Transferred in costs 135*40 5400 Direct materials 135*21 2835 Conversion costs 108*94 10152 Total ending work in process, March 31 18387 Total cost accounted for 95887 Journal Entry DR CR Work in Process Inventory—Dyeing 21000 Work in Process Inventory—Spinning 21000 Work in Process Inventory—Dyeing 63713 Materials Inventory 11760 Manufacturing Wages 8445 Manufacturing Overhead 43508 Work in Process Inventory—Plying 77500 Work in Process Inventory—Dyeing 77500

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