Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

x Data Table 65 rolls 570 rolls 520 rolls 115 rolls UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
x Data Table 65 rolls 570 rolls 520 rolls 115 rolls UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending Work-in-process (80% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, $3,900; materials cost, $1,625; conversion costs, $5,555) $ Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $9,450; manufacturing overhead allocated, $43,135) 11,080 19 595 9.805 52 585 Print Done Carrie Carpet manufactures broadloom carpet in seven processes spinning, dyeing, plying, spooling, tuft process Conversion costs are incurred evenly throughout the process. Information for November 2018 fo (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the November production cost report for Carrie's Dyeing Department. The comp amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production) Carrie Carpet Production Cost Report - Dyeing Department Month Ended November 30 Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units to account for Choose from any list or enter any number in the input fields and then continue to the next question g, latexing and shearing in the Dyeing Department, direct materials (dye) are added at the beginning of the lows any uses the weighted average method. (Round all cost per unit amounts to the nearest cent and all other x Requirements Prepare the November production cost report for Carrie's Dyeing Department. The company uses the weighted average method. Journalize all transactions affecting Carrie's Dyeing Department during November, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. Carrie Carpet Production Cost Report - Dyeing Department Month Ended November 30 Equivalent Units Physical Transferred Direct Conversion Units In Materials Costs UNITS Units to account for: MII Total units to account for Units accounted for Total units accounted for Choose from any list or enter any number in the input fields and then continue to the next question. Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs Costs to account for Total costs to account for Dost per equivalent unit Costs accounted for tal costs accounted for quirement 2. Journalize all transactions affecting Carrie's Dyeing Department during November, including the entri egin with a summary journal entry to record the assignment of costs transferred from the Spinning Department direc bits first, then credits. Exclude explanations from journal entries ) ose from any list or enter any number in the input fields and then continue to the next question Read the requirements. Requirement 2. Joumalize all transactions allecting Camie's Dyeing Department during November, including the entries Begin with a summary journal entry to record the assignment of costs transferred from the Spinning Department, direct debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Nov. 30 Prepare the journal entry to record the cost of the units completed and transferred out of the Dyeing Department. Date Accounts Debit Credit Nov 30 Choose from any list or enter any number in the input fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Horngren, Harrison, Oliver

3rd Edition

978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978

More Books

Students also viewed these Accounting questions