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Data Input Savannah Textiles Company

Savannah Textiles Company produced 50,000 units in September using the weighted-average costing method. The costs to account for were $575,200, which included beginning work in process of $138,400 plus costs incurred of $436,800. The cost of goods completed and transferred out was $520,000 and the cost remaining in ending work in process was $55,200.

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Nour Sawafta
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39 views

Data Input Savannah Textiles Company

Savannah Textiles Company produced 50,000 units in September using the weighted-average costing method. The costs to account for were $575,200, which included beginning work in process of $138,400 plus costs incurred of $436,800. The cost of goods completed and transferred out was $520,000 and the cost remaining in ending work in process was $55,200.

Uploaded by

Nour Sawafta
Copyright
© © All Rights Reserved
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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DATA INPUT

Savannah Textiles Company


Equivalent units of direct material (weighted-average) 60,000
Equivalent units of conversion (weighted-average) 52,000
Units completed and transferred out during September 50,000

Work in process, September 1


Direct material $ 94,000
Conversion 44,400
Costs incurred during September
Direct material $ 164,000
Conversion 272,800

Units in process on September 1 20,000


Complete as to conversion 8,000

SOLUTION

Weighted-Average Method Direct Material Conversion Total


Work in process, September 1 $ 94,000 $ 44,400 $ 138,400
Costs incurred during September 164,000 272,800 436,800
Total costs to account for $ 258,000 $ 317,200 $ 575,200
Equivalent units 60,000 52,000
Costs per equivalent unit $4.30 $6.10 $10.40

Direct Material Conversion


Total equivalent units (weighted average) 60,000 52,000
Units completed and transferred out 50,000 50,000
Equivalent units in ending work in process 10,000 2,000

1. Cost of goods completed and transferred out during September:


$ 520,000

2. Cost remaining in September 31 work in process:


Direct material $ 43,000
Conversion 12,200
Total 55,200
Total costs accounted for $ 575,200

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