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) 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.
- Cost of goods completed and transferred out of the weaving Department?
- 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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