Chapter 7, Part 3. Please answer in same format as question so it's easy to read 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 costsare incurred evenly throughout the process. Information for July 2018 follows:(Click the icon to view the data.)Data TableRead the requirements.TransferredDirectConversionTotalCOSTSInMaterialsCostsCostsUNITSCosts to account for:Beginning Work-in-Process Inventory75 rollsBeginning work-in-process$3,700 $1,450 $4,950 $10,100Transferred in from Spinning Department during July590 rollsCosts added during the period21,57011,18553,47286,227Completed during July550 rollsTotal costs to account for$25.270 $12,635 $58,422 $96,327Ending Work-in-Process (80% complete for conversion work)115 rollsDivided by: Total EUP665665642COSTS38.00 $Beginning Work-in-Process Inventory (transferred in costs, $3,700;materials cost, $1,450; conversion costs, $4,950)19.00 $91.00Cost per equivalent unit$10,100Costs accounted for:Transferred in from Spinning Department21,570Materials cost added during JulyConversion costs added during July (manufacturing wages,$8,050; manufacturing overhead allocated, $45,422)11,18553,472

The cost per equivalent unit is computed by dividing the total costs to account for by the total…

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: (Click the icon to view the data.) Data Table Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs LUNITS

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: (Click the icon to view the data.) Data Table Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs LUNITS

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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