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 | 50,000 | ||
|
The cost data for September are as follows:
Work in process, September 1 | |||
Direct material | $ | 93,000 | |
Conversion | 55,800 | ||
Costs incurred during September | |||
Direct material | $ | 159,000 | |
Conversion | 262,800 | ||
|
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 (DM, Conversion, Total)?
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