Units Beginning Work-in-Process Inventory Transferred in from Spinning Department during July Completed during July Ending Work-in-Process Inventory (80% complete for conversion work) 65 rolls 570...


Carol 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 2021 follows:


Units<br>Beginning Work-in-Process Inventory<br>Transferred in from Spinning Department during July<br>Completed during July<br>Ending Work-in-Process Inventory (80% complete for conversion work)<br>65 rolls<br>570 rolls<br>520 rolls<br>115 rolls<br>Costs<br>Beginning Work-in-Process Inventory<br>€11 080<br>(transferred in costs, $3,900; materials costs, $1,625; conversion costs, $5,555)<br>Transferred in from Spinning Department<br>Materials costs added during July<br>19 595<br>9 805<br>Conversion costs added during July (manufacturing wages,<br>$9,450; manufacturing overhead, $43,135)<br>52 585<br>Requirements<br>1. Prepare a production cost report for Carol's Dyeing Department for July.<br>2. Journalize all transactions affecting Carol's Dyeing Department during July, including the entries that have<br>already been posted.<br>

Extracted text: Units Beginning Work-in-Process Inventory Transferred in from Spinning Department during July Completed during July Ending Work-in-Process Inventory (80% complete for conversion work) 65 rolls 570 rolls 520 rolls 115 rolls Costs Beginning Work-in-Process Inventory €11 080 (transferred in costs, $3,900; materials costs, $1,625; conversion costs, $5,555) Transferred in from Spinning Department Materials costs added during July 19 595 9 805 Conversion costs added during July (manufacturing wages, $9,450; manufacturing overhead, $43,135) 52 585 Requirements 1. Prepare a production cost report for Carol's Dyeing Department for July. 2. Journalize all transactions affecting Carol's Dyeing Department during July, including the entries that have already been posted.

Jun 09, 2022
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