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Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of

Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of November.

Equivalent units of direct material (weighted-average method) 55,000
Equivalent units of conversion (weighted-average method) 47,000
Units completed and transferred out during November 44,000

The cost data for November are as follows:

Work in process, November 1
Direct material $ 93,280
Conversion 46,936
Costs incurred during November
Direct material $ 148,720
Conversion 244,464

There were 15,000 units in process in the Weaving Department on November 1 (100% complete as to direct material, and 40% complete as to conversion).

Required:
Compute each of the following amounts using weighted-average process costing.

1.

Cost of goods completed and transferred out of the Weaving Department.

2. Cost of the November 30 work-in-process inventory in the Weaving Department.

Direct Material

conversion

total

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