Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. raleigh textiles company manufactures a variety of

Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following...

50.1K

Verified Solution

Question

Accounting

Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of November.

Equivalent units of direct material (weighted-average method) 55,000
Equivalent units of conversion (weighted-average method) 47,000
Units completed and transferred out during November 44,000

The cost data for November are as follows:

Work in process, November 1
Direct material $ 93,280
Conversion 46,936
Costs incurred during November
Direct material $ 148,720
Conversion 244,464

There were 15,000 units in process in the Weaving Department on November 1 (100% complete as to direct material, and 40% complete as to conversion).
Required:
Compute each of the following amounts using weighted-average process costing.

1.

Cost of goods completed and transferred out of the Weaving Department.

2. Cost of the November 30 work-in-process inventory in the Weaving Department.

Direct Material

conversion

total

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

x[n] is the input of an LTI system with the impulse response of h[n]. x[n] =...

Electrical Engineering
Q

16. Owen Company's unadjusted book balance at June 30 is $14,440. The company's bank statement reveals...

Accounting
Q

For the equation 3x + 3y-24x+12y-15-0, do the following.(a) Find the center (h,k) and radius...

Basic Math
Q

y I Show Transcribed Text 2 RISE rea of the inscribes polygon or circumscribed indicated

Calculus
Q

Determine h x for the following function answer 3x h x x 4x 9

Algebra
Q

Current Attempt in Progress Grouper Corporation needs to set a target price...

Accounting
Q

Hyde Company uses a perpetual inventory system. It entered into the following purchase and sale...

Accounting
Q

Question 4 Not yet Which of the following statement is an example for neutral value?...

Accounting
Q

Meet LESLIE: You are an unhappily married woman of 39. You and your husband both...

Accounting
Q

Advertising department expenses of $43,400 and purchasing department expenses of $57,800 of Cozy Bookstore are...

Accounting
Q

7 Part 1 of 2 2 points By Vi Use the following information for Quick...

Accounting
Q

What should be the amount in an RRSP that is earning 5.50% compounded monthly if...

Finance