UNITS Beginning Work-in-Process Inventory 75 rolls Transferred in from Spinning Department during July 590 rolls Completed during July 550 rolls Ending Work-in-Process (80% complete for conversion...


Question 7 Part 3. Was partially completed. Please fill in the blanks in the same format as the question


UNITS<br>Beginning Work-in-Process Inventory<br>75 rolls<br>Transferred in from Spinning Department during July<br>590 rolls<br>Completed during July<br>550 rolls<br>Ending Work-in-Process (80% complete for conversion work)<br>115 rolls<br>COSTS<br>Beginning Work-in-Process Inventory (transferred in costs, $3,700;<br>materials cost, $1,450; conversion costs, $4,950)<br>10,100<br>Transferred in from Spinning Department<br>21,570<br>Materials cost added during July<br>Conversion costs added during July (manufacturing wages,<br>$8,050; manufacturing overhead allocated, $45,422)<br>11,185<br>53,472<br>

Extracted text: UNITS Beginning Work-in-Process Inventory 75 rolls Transferred in from Spinning Department during July 590 rolls Completed during July 550 rolls 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 Transferred in from Spinning Department 21,570 Materials cost added during July Conversion costs added during July (manufacturing wages, $8,050; manufacturing overhead allocated, $45,422) 11,185 53,472
Casey Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added at the beginning of the process. Conversion costs<br>are incurred evenly throughout the process. Information for July 2018 follows:<br>E (Click the icon to view the data.)<br>Read the requirements.<br>Transferred<br>Direct<br>Conversion<br>Total<br>COSTS<br>In<br>Materials<br>Costs<br>Costs<br>Costs to account for:<br>:<br>Beginning work-in-process<br>$<br>3,700 $<br>1,450 $<br>4,950 $<br>10,100<br>Costs added during the period<br>21,570<br>11,185<br>53,472<br>86,227<br>Total costs to account for<br>$<br>25,270 $<br>12,635 $<br>58,422 $<br>96.327<br>665<br>665<br>642<br>Divided by: Total EUP<br>$<br>38.00 $<br>19.00 $<br>91.00<br>Cost per equivalent unit<br>Costs accounted for:<br>Beginning work-in-process<br>3700<br>1450<br>4950<br>10100<br>Costs added during the period<br>21570<br>11185<br>53472<br>86227<br>$<br>25,270 $<br>12,635 $<br>58,422 $<br>96,327<br>Total costs accounted for<br>

Extracted 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. Transferred Direct Conversion Total COSTS In Materials Costs Costs Costs to account for: : Beginning work-in-process $ 3,700 $ 1,450 $ 4,950 $ 10,100 Costs added during the period 21,570 11,185 53,472 86,227 Total costs to account for $ 25,270 $ 12,635 $ 58,422 $ 96.327 665 665 642 Divided by: Total EUP $ 38.00 $ 19.00 $ 91.00 Cost per equivalent unit Costs accounted for: Beginning work-in-process 3700 1450 4950 10100 Costs added during the period 21570 11185 53472 86227 $ 25,270 $ 12,635 $ 58,422 $ 96,327 Total costs accounted for
Jun 09, 2022
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