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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
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 Information for November 2024 follows (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the November production cost report for Carol's Dyeing Dep and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivale UNITS Units to account for: Total units to account for Units accounted for Total units accounted for Carol Carpet Production Cost Report - Dyeing Department Month Ended November 30 Physical Transferred Units In Equivalent Direct Material Data table UNITS 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, $3,700; $ materials cost, $1,450; conversion costs, $4,950) Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,050; manufacturing overhead allocated, $45,422) Requirements Print Done 75 rolls 590 rolls 550 rolls 115 rolls 10,100 21,570 11,185 53,472 1. Prepare the November production cost report for Carol's Dyeing Department. The company uses the weighted-average method. 2. Journalize all transactions affecting Carol's Dyeing Department during November, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. X
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