Carol 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. Carol uses weighted-average process costing. Information for July 2012 follows:

Requirements 1. Prepare a timeline for Carols Dyeing Department. 2. Use the timeline to help you compute the equivalent units, cost per equivalent unit, and total costs to account for in Carols Dyeing Department for July. 3. Prepare the July production cost report for Carols Dyeing Department. 4. Journalize all transactions affecting Carols Dyeing Department during July, including the entries that have already beenposted.

Carol 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. Carol uses weighted-average process costing. Information for July 2012 follows:Requirements 1. Prepare a timeline for Carols Dyeing Department. 2. Use the timeline to help you compute the equivalent units, cost per equivalent unit, and total costs to account for in Carols Dyeing Department for July. 3. Prepare the July production cost report for Carols Dyeing Department. 4. Journalize all transactions affecting Carols Dyeing Department during July, including the entries that have already beenposted. Carol 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. Carol uses weighted-average process costing. Information for July 2012 follows:Requirements 1. Prepare a timeline for Carols Dyeing Department. 2. Use the timeline to help you compute the equivalent units, cost per equivalent unit, and total costs to account for in Carols Dyeing Department for July. 3. Prepare the July production cost report for Carols Dyeing Department. 4. Journalize all transactions affecting Carols Dyeing Department during July, including the entries that have already beenposted