Chapter 18, Problem 42BP

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:

Requirements

1. 1. Prepare a production cost report for (Casey’s Dyeing Department for July. The company uses the weighted-average method.
2. 2. Journalize all transactions affecting Casey’s Dyeing Department during July, including the entries that have already been posted. Assume labor costs are accrued and not yet paid.