Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of November.

The cost data for November are as follows:

There were 19,000 units in process in the Weaving Department on November 1 (complete as to direct material, and 38% complete as to conversion).

Required: 

Compute each of the following amounts using weighted-average process costing.
1. Cost of goods completed and transferred out of the Weaving Department.
2. Cost of the November 30 work-in-process inventory in the Weaving Department.

Transcribed Image Text:

Equivalent units of direct material (weighted-average method) Equivalent units of conversion (weighted-average method).. Units completed and transferred out during November.... 62,500 49,000 47,000