Business, 15.02.2021 20:20 Alexandragurule18

Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of September. Equivalent units of direct material (weighted-average method) 75,000 Equivalent units of conversion (weighted-average method) 65,000 Units completed and transferred out during September 62,000 The cost data for September are as follows: Work in process, September 1 Direct material $ 129,540 Conversion 59,728 Costs incurred during September Direct material $ 252,960 Conversion 369,272 There were 35,000 units in process in the Weaving Department on September 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 September 30 work-in-process inventory in the Weaving Department

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Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The f...

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