Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carding Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added

Carding 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:

ONLY REQUIREMENT 2 NEEDS SOLUTION ! THANK YOU !!! THE 1 PART REMAINING JOURNAL ENTRY ! THANK YOU ! NOTHING ELSE !

PLEAE USE THE JOURNAL ENTRY FORMAT WITH DEBITS AND CREDITS ! THANK YOU !

image text in transcribedimage text in transcribed

Nicoleta Roebling In net Explore mathxd. Student Pla orkld 418258029&qu lse BcId 4393 7278c ACC-2002-Q4317-17EW4-Hunte Nicoleta Roebling 3/20/17 11:21 PM Homework: 2-1 MyAccountingLab Homework: Chapters 17 and 18 Score: 15.94 of 20 pts 4 of 4 (3 complete v HW Score: 69.93%, 55.94 of 80 pts P18-39B (similar to) E Question Help Carding 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 20 6 follows: Requirements Data Table 1. Prepare the November production cost report for Cardings Dyeing Department. (Carding uses UNITS weighted-average process costing.) Beginning Work in Process Inventory 75 rolls 2. Journalize all transactions affecting Carding's Dyeing Department during November, including the entries that have already been posted. Transferred in from Spinning Department during November 560 rolls, Completed during November 500 rolls Ending Work-in-Process (80% complete for Print Done 135 rolls conversion work) UNITS Units Materials Costs COSTS Beginning Work-n-Process Inventory (transferred in costs, Units to account for $4.400, materials cost, $1,575; conversion costs, $5.199) 74 Beginning work-in-process Transferred in from Spinning Department 21,000 Transferred in Materials cost added during November Choose from any list or enter any number in the input fields and then click Check Answer. Conversion costs added during November (manufacturing wages, $8,445, manufacturing overhead allocated, $43,508) 51,953 Clear A remaining 21 PM start 3/20/2017

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

External Audit Auditing Business Functions And Assets

Authors: Bart Rohman

1st Edition

B0B5NR6TB6, 979-8839201767

More Books

Students also viewed these Accounting questions

Question

Use superposition to find Io in the circuit shown 12V 2 2 2mA 2 2

Answered: 1 week ago

Question

Compute an expression for P max t1st2 B(s) > x

Answered: 1 week ago