Casey Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing 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: E (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the July production cost report for Casey's Dyeing Department. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) O Data Table Casey Carpet Production Cost Report - Dyeing Department Month Ended July 30 UNITS Equivalent Units Beginning Work-in-Process Inventory 75 rolls Physical Transferred Direct Conversion Transferred in from Spinning Department during July 590 rolls UNITS Units In Materials Costs Completed during July 550 rolls Units to account for: Ending Work-in-Process (80% complete for conversion work) 115 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs, $3,700; materials cost, $1,450; conversion costs, $4,950) $ 10,100 Total units to account for Transferred in from Spinning Department 21,570 Materials cost added during July Conversion costs added during July (manufacturing wages, $8,050; manufacturing overhead allocated, $45,422) 11,185 Choose from any list or enter any number in the input fields and then click Check Answer. 53,472
Casey Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing 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: E (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the July production cost report for Casey's Dyeing Department. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) O Data Table Casey Carpet Production Cost Report - Dyeing Department Month Ended July 30 UNITS Equivalent Units Beginning Work-in-Process Inventory 75 rolls Physical Transferred Direct Conversion Transferred in from Spinning Department during July 590 rolls UNITS Units In Materials Costs Completed during July 550 rolls Units to account for: Ending Work-in-Process (80% complete for conversion work) 115 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs, $3,700; materials cost, $1,450; conversion costs, $4,950) $ 10,100 Total units to account for Transferred in from Spinning Department 21,570 Materials cost added during July Conversion costs added during July (manufacturing wages, $8,050; manufacturing overhead allocated, $45,422) 11,185 Choose from any list or enter any number in the input fields and then click Check Answer. 53,472
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chapter 20. Question 7. Please fill out in same format as question so it's easy to read :)
Transcribed Image Text:Montn Endea Juiy 30
Equivalent Units
Physical
Transferred
Direct
Conversion
UNITS
Units
In
Materials
Costs
Units to account for:
Total units to account for
Units accounted for:
Total units accounted for
Transcribed Image Text:Casey Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing 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:
E (Click the icon to view the data.)
Read the requirements.
Requirement 1. Prepare the July production cost report for Casey's Dyeing Department. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar.
Abbreviation used: EUP = equivalent units of production.)
Data Table
Casey Carpet
Production Cost Report - Dyeing Department
Month Ended July 30
UNITS
Equivalent Units
Beginning Work-in-Process Inventory
75 rolls
Physical
Transferred
Direct
Conversion
Transferred in from Spinning Department during July
590 rolls
UNITS
Units
In
Materials
Costs
Completed during July
550 rolls
Units to account for:
Ending Work-in-Process (80% complete for conversion work)
115 rolls
COSTS
Beginning Work-in-Process Inventory (transferred in costs, $3,700;
materials cost, $1,450; conversion costs, $4,950)
10,100
Total units to account for
Transferred in from Spinning Department
21,570
Materials cost added during July
Conversion costs added during July (manufacturing wages,
$8,050; manufacturing overhead allocated, $45,422)
11,185
Choose from any list or enter any number in the input fields and then click Check Answer.
53,472
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