Score: 0 of 1 pt 5 of 5 (3 complete) HW Score: 0%, 0 of 5 pts P18-35A (similar t

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Score: 0 of 1 pt 5 of 5 (3 complete) HW Score: 0%, 0 of 5 pts P18-35A (similar to) Question Help Caring 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 November 2018 follows EE (Click the icon to view the data.) Read the requirements Requirement 1. Prepare the November production cost report for Carings 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.) Caring Carpet Production Cost Report- Dyeing Department Month Ended November 30 hysical Transferred Units Equivalent Units Direct Materials Conversion UNITS In Costs Units to account for Total units to account for Units accounted for Total units accounted for

Explanation / Answer

CARING CARPET Production cost report Dying Department Step1 Summery of Physical units and equivalent units calculation Transferred in Materials Conversion Total Units to be accounted for Phycal units Units in the beginning WIP inventory 50 100% $4,500 $1,500 $5,000 $11,000 Units started during the period 585 100% $21,535 Total units to be accounted for 635 Equivalent Units Units accounted for Physical unit Transferred in Materials Conversion Units completed and transferred out 500 100% 500 100% 500 100% 500 Units in ending WIP inventory 135 100% 135 100% 135 80% 108 Total units accounted for 635 635 635 608 Summery of costs to be accounted for Costs to be accounted for Transferred in Materials Conversion Cost in beginning WIP $4,500 $1,500 $5,000 $11,000 Costs incurred during the period $21,535 $11,200 $51,544 $84,279 Total costs to be accounted for $26,035 $12,700 $56,544 $95,279 Calculation of costs per equivalent unit Total costs to be accounted for(a) $26,035 $12,700 $56,544 $95,279 Total equivalent units accounted for(b) 635 635 608 Cost per equivalent unit(a)/(b) $41.00 $20.00 $93.00 Assign costs to units transferred out and in Ending WIP Cost accounted for Costs assigned to units transferred out 500 100% $20,500 100% $10,000 100% $46,500 Cost assigned to ending WIP 135 100% $5,535.00 100% $2,700.00 80% $10,044.00 Total $26,035.00 $12,700.00 $56,544.00 $95,279

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