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Caring Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added
Caring 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 2018 follows: E: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the November production cost report for Caring's Dyeing Department. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar Abbreviation used: EUP = equivalent units of production.) Requirements Caring Carpet Production Cost Report - Dyeing Department Month Ended November 30 Equivalent Units Transferred Direct Conversion Physical Units 1. Prepare the November production cost report for Caring's Dyeing Department. The company uses the weighted average method. 2. Journalize all transactions affecting Caring's Dyeing Department during November, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. UNITS In Materials Costs Units to account for: Print Done Total units to account for Data Table Units accounted for: UNITS Total units accounted for 90 rolls 540 rolls 510 rolls 120 rolls Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending Work-in-process (80% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, $4,900; materials cost, $1,390; conversion costs, $4,900) $ Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,225; manufacturing overhead allocated, $43,839) 11,190 22,190 11,210 52,064
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