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 cost are incurred evenly throughout the process. Information for July 2018 follows: E (Click the icon to view the data.) 1 Data Table Read the requirements. Completed and transferred out 550 550 550 550 Ending work-in-process 115 115 115 92 UNITS 665 665 665 642 Beginning Work-in-Process Inventory 75 rolls Total units accounted for Transferred in from Spinning Department during July 590 rolls Transferred Direct Conversion Total Completed during July 550 rolls Ending Work-in-Process (80% complete for conversion work) 115 rolls COSTS In Materials Costs Costs COSTS Costs to account for: 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

Cornerstones of Cost Management (Cornerstones Series)
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Chapter6: Process Costing
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Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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Question 7, Part 2. Please fill in as same formula as quesion

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.)
Data Table
Read the requirements.
Completed and transferred out
550
550
550
550
Ending work-in-process
115
115
115
92
UNITS
665
665
665
642
Beginning Work-in-Process Inventory
75 rolls
Total units accounted for
Transferred in from Spinning Department during July
590 rolls
Transferred
Direct
Total
Completed during July
550 rolls
Conversion
COSTS
In
Materials
Costs
Costs
Ending Work-in-Process (80% complete for conversion work)
115 rolls
COSTS
Costs to account for:
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)
Total costs to account for
11,185
53,472
Cost per equivalent unit
Transcribed Image 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.) Data Table Read the requirements. Completed and transferred out 550 550 550 550 Ending work-in-process 115 115 115 92 UNITS 665 665 665 642 Beginning Work-in-Process Inventory 75 rolls Total units accounted for Transferred in from Spinning Department during July 590 rolls Transferred Direct Total Completed during July 550 rolls Conversion COSTS In Materials Costs Costs Ending Work-in-Process (80% complete for conversion work) 115 rolls COSTS Costs to account for: 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) Total costs to account for 11,185 53,472 Cost per equivalent unit
Equivalent Units
Physical
Transferred
Direct
Conversion
UNITS
Units
In
Materials
Costs
Units to account for:
Beginning work-in-process
75
Transferred in
590
665
Total units to account for
Units accounted for:
Completed and transferred out
550
550
550
550
115
115
115
92
Ending work-in-process
665
665
665
642
Total units accounted for
Transcribed Image Text:Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units to account for: Beginning work-in-process 75 Transferred in 590 665 Total units to account for Units accounted for: Completed and transferred out 550 550 550 550 115 115 115 92 Ending work-in-process 665 665 665 642 Total units accounted for
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