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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) 75,000

Equivalent units of conversion (weighted-average method) 67,000

Units completed and transferred out during September 66,000

_________________________________________________________________________________________

The cost data for September are as follows:

_________________________________________________________________________________________

Work in process, September 1

Direct material $107,820

Conversion48,704

Costs incurred during September

Direct material $229,680

Conversion366,696

_________________________________________________________________________________________

There were 35,000 units in process in the Weaving Department on September 1 (100% iscomplete as to direct material and 40% is 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?

For 1)

I got:

Direct = 107,820+229,680=337,500

Conversion = 48,704+366,696=415,400

Total cost $752,900.

Direct material cost of 4.5 per unit

Conversion 6.2 per unit = 10.7 per unit completed/transferred.

Total cost of goods completed and transferred out = $706,200

For 2)

I need to find: Direct material + Conversion = cost of sep 30 work-in-process. Not looking for just answer but to know where to pull the numbers from.

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