Business, 06.05.2021 01:00, taseem001

Cascy Carpet manufactures broadloom carpct in seven processes: spinning, dycing 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: Units
Beginning Work-in-Process Inventory 75 rolls
Transferred in from Spinning Department during July 590 rolls
Completed during July 550 rolls
Ending Work-in-Process (80% complete for
conversion work) 115 rolls
COSTS
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 11,185
Conversion costs added during July (manufacturing
wages, $8,050; manufacturing overhead
allocated, $45,422) 53,472
Requirements:
1. Prepare a production cost report for Casey's Dyeing Department for July.
2. Journalize all transactions affecting Casey's Dyeing Department during July, includ- ing the entries that have already been posted. Assume labor costs are accrued and not yet paid.

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Cascy Carpet manufactures broadloom carpct in seven processes: spinning, dycing plying, spooling, tu...