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Casey Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added
Casey 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 July 2024 follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the July production cost report for Carla'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.) Casey Carpet Production Cost Report - Dyeing Department Data table Month Ended July 30 Equivalent Units Requirements Physical Transferred Direct Conversion UNITS UNITS Units In Materials Costs Beginning Work-in-Process Inventory 75 rolls 1. Prepare the July production cost report for Carla's Dyeing Department. The company uses the Units to account for: Transferred in from Spinning Department during July 590 rolls weighted-average method. Completed during July 550 rolls 2. Journalize all transactions affecting Carla's Dyeing Department during July, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. Ending Work-in-Process (80% complete for conversion work) 115 rolls COSTS Total units to account for Beginning Work-in-Process Inventory (transferred in costs, $3,700; $ 10,100 materials cost, $1,450; conversion costs, $4,950) Print Done Units accounted for: Transferred in from Spinning Department 21,570 Materials cost added during July 11, 185 Conversion costs added during July (manufacturing wages, 53,472 $8,050; manufacturing overhead allocated, $45,422) Total units accounted for
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