Question

Score: 0.84 of 3 pts 7 of 8 (6 complete) HW Score: 04 VÀ 0, "V" + a re W P18-35A (similar to) Question Help Claudia Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tulting, 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: (Click the icon to view the data) Read the requirements Requirement 1. Prepare the November production cost report for Claudia's 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) Claudia Carpet Production Cost Report - Dyeing Department Month Ended November 30 Equivalent Units Physical Transferred Direct Conversion Units Materials Costs UNITS Units to account for: Beginning work-in-process Transferred in Total units to account for Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts 5 remaining Clear All Check Answer

Answer 1

Requirement 1 Claudia Carpet Production Cost Report-Dyeing Department (WACC) Month ended Nov 30 Equivalent Units Physical Transferred in Direct Materials units e.u % e.u Conversion costs % e.u 65 UNITS Units to account for Beginning Work-in-Process Started in production Total units to acount for Units accounted for: Transferred to Plying Dept. Ending Work-in-Process Total units acccounted for 570 635 520 115 635 100% 100% 520 115 100% 100% 520 115 635 100% 80% 520 92 612 635

Transferred in Direct Materials Conversion costs Total Costs Cost per unit COSTS Costs to account for: Beginning Work-in-Process Costs added during the period Total costs to account for Divided by: EUP this period Cost per equivalent unit $ 3,900 19,595 23,495 635 37.00 $ $ $ 1,625 9,805 11,430 635 18.00 $ $ $ 5,555 $ 52,585 $ 58,140 $ 612 95.00 11,080 81,985 93,065 $ $ $ Costs accounted for: Transferred to Plying Department $ $ 78,000 Ending Work-in-Process 19,240 $ (520*37) 4,255 $ (115*37) 23,495 $ 9,360 (520*18) 2,070 (115*18) 11,430 $ 49,400 (520*95) 8,740 (92*95) 58,140 $ 15,065 Total costs accounted for $ $ $ 93,065 Requirement 2 Date Credit Debit 81,985 Accounts Dyeing Department- WIP $ Spining Department- WIP Materials Labor Manufacturing OH (To record costs added to Dyeing Dept. during Nov) $ $ $ 19,595 9,805 9,450 43,135 Plying Department- WIP $ 78,000 Dyeing Department- WIP $ (To record costs transferred from Dyeing dept. to Plying Dept.) 78,000