Casey's carpet manufacturers broadloom carpet in 7 processes: spinning, dyeing, plying, spooling, tufting, layering, and...
60.1K
Verified Solution
Question
Accounting
Casey's carpet manufacturers broadloom carpet in 7 processes: spinning, dyeing, plying, spooling, tufting, layering, and shearing. In the dyeing department, direct materials (dye) are added at the beginning of the process. conversion costs are incurred evenly throughout the process. Information for July 2018 follows :
prepare the July production cost report for Casey's dying department the company uses the weighted average method
UNITS Beginning Work-in-Process Inventory 75 rolls 590 rolls 550 rolls 115 rolls Transterred in from Spinnino Department durng July Completed during July Ending Work-in-Process (80% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs $3,700, materials cost, $1,450 conversion costs, $4,950) Transferred in from Spinning Department Materials cost added during July Conversion costs added during July (manufacturing wages, $8,050, manufacturing overhead allocated, $45.422) S 10,100 21,570 11,185 53 472 Print Done Month Ended July 30 Equivalent Units PhysicalTransferred Direct Conversion UNITS Units In MaterialsCosts Units to account for Total units to account for Units accounted for Total units accounted for Choose from any list or enter any number in the input fieids and then dlick Check Answer. UNITS Beginning Work-in-Process Inventory 75 rolls 590 rolls 550 rolls 115 rolls Transterred in from Spinnino Department durng July Completed during July Ending Work-in-Process (80% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs $3,700, materials cost, $1,450 conversion costs, $4,950) Transferred in from Spinning Department Materials cost added during July Conversion costs added during July (manufacturing wages, $8,050, manufacturing overhead allocated, $45.422) S 10,100 21,570 11,185 53 472 Print Done Month Ended July 30 Equivalent Units PhysicalTransferred Direct Conversion UNITS Units In MaterialsCosts Units to account for Total units to account for Units accounted for Total units accounted for Choose from any list or enter any number in the input fieids and then dlick Check
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.