Question
Savannah Textiles Company mnufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department For the month of
Savannah Textiles Company mnufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department For the month of September.
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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
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The cost data for September are as follows:
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Work in process, September 1
Direct material $107,820
Conversion 48,704
Costs incurred during September
Direct material $229,680
Conversion 366,696
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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.
- Cost of goods completed and transferred out of the weaving Department?
- Cost of the September 30 work-in-process inventory in the Weaving Department?
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