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Ryan's Rugs manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added
Ryan's Rugs 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 2016 follows: UNITS Beginning Work-in-Process Inventory 55 rolls Transferred in from Spinning Department during November 560 rolls Completed during November 490 rolls Ending Work-in-Process (80% complete for conversion work) 125 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs, $3,500; materials cost, $1.750conversion costs, $5,420) $10,670 Transferred in from Spinning Department 18,025 Materials cost added during November 13.010 Conversion costs added during November (manufacturing wages, $8,120, manufacturing overhead allocated, $45,460) 53.580 Prepare the November production cost report for Ryan's Dyeing Department (Ryan uses weighted average process costing. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar) Ryan's Rugs Production Cost Report - Dyeing Department Month Ended November 30 Equivalent Units Whole Transferred Direct Conversion
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