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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) 69,000 Units completed and transferred out during September 66,000 The cost data for September are as follows: Work in process, September 1 Direct material $ 115,920 Conversion 63,204 Costs incurred during September Direct material $ 289,080 Conversion 412,896 There were 35,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of goods completed and transferred out of the Weaving Department. Note: Round "Costs per equivalent unit" to 2 decimal places. Cost of goods completed and transferred out [ | 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) 69,000 Units completed and transferred out during September 66,000 The cost data for September are as follows: Work in process, September 1 Direct material $ 115,920 Conversion 63,204 Costs incurred during September Direct material $ 289,080 Conversion 412,896 There were 35,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of the September 30 work-in-process inventory in the Weaving Department. Note: Round "Costs per equivalent unit" to 2 decimal places. Direct material Conversion
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