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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: (Click the icon to view the data.) Data Table Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs LUNITS

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: (Click the icon to view the data.) Data Table Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs LUNITS

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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Chapter 7, Part 3. Please answer in same format as question so it's easy to read

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: (Click the icon to view the data.) Data Table Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs UNITS Costs to account for: Beginning Work-in-Process Inventory 75 rolls Beginning work-in-process $ 3,700 $ 1,450 $ 4,950 $ 10,100 Transferred in from Spinning Department during July 590 rolls Costs added during the period 21,570 11,185 53,472 86,227 Completed during July 550 rolls Total costs to account for $ 25.270 $ 12,635 $ 58,422 $ 96,327 Ending Work-in-Process (80% complete for conversion work) 115 rolls Divided by: Total EUP 665 665 642 COSTS 38.00 $ Beginning Work-in-Process Inventory (transferred in costs, $3,700; materials cost, $1,450; conversion costs, $4,950) 19.00 $ 91.00 Cost per equivalent unit $ 10,100 Costs accounted for: 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
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: (Click the icon to view the data.) Data Table Read the requirements. Transferred Direct Conversion Total COSTS In Materials Costs Costs UNITS Costs to account for: Beginning Work-in-Process Inventory 75 rolls Beginning work-in-process $ 3,700 $ 1,450 $ 4,950 $ 10,100 Transferred in from Spinning Department during July 590 rolls Costs added during the period 21,570 11,185 53,472 86,227 Completed during July 550 rolls Total costs to account for $ 25.270 $ 12,635 $ 58,422 $ 96,327 Ending Work-in-Process (80% complete for conversion work) 115 rolls Divided by: Total EUP 665 665 642 COSTS 38.00 $ Beginning Work-in-Process Inventory (transferred in costs, $3,700; materials cost, $1,450; conversion costs, $4,950) 19.00 $ 91.00 Cost per equivalent unit $ 10,100 Costs accounted for: 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
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