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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) Equivalent units of conversion (weighted average method) Units completed and transferred out during September 50,000 42,000 39,000 The cost data for September are as follows: Work in process, September 1 Direct material Conversion Costs incurred during September Direct material Conversion $ 89,280 43,716 $ 135, 720 216,684 There were 10,000 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. Compute the cost of goods completed and transferred out of the Weaving Department. (Round "Costs per equivalent unit" to 2 decimal places.) Cost of goods completed and transferred out Compute the cost of the September 30 work-in-process inventory in the Weaving Department. (Round "Costs per equivalent unit" to 2 decimal places.) Direct material Conversion Total
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