Question
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of September. Equivalent units of direct material (weighted-average method) 60,000 Equivalent units of conversion (weighted-average method) 54,000 Units completed and transferred out during September 51,000 The cost data for September are as follows: Work in process, September 1 Direct material $ 101,520 Conversion 53,844 Costs incurred during September Direct material $ 228,480 Conversion 324,156 There were 20,000 units in process in the Weaving Department on September 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 September 30 work-in-process inventory in the Weaving Department.
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