Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following...
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Accounting
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. The cost data for September are as follows: 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
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