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)....................62,500

Equivalent units of conversion (weighted-average method).........................49,000

Units completed and transferred out during November...............................47,000

The cost data for November are as follows:

Work in process, November 1

Direct material............................................................................................$ 85,750

Conversion.................................................................................................... 16,900

Costs incurred during November

Direct material...........................................................................................$158,000

Conversion.................................................................................................. 267,300

There were 19,000 units in process in the Weaving Department on November 1 (100% complete as to direct material, and 38% 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.

3. Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the costs incurred in November were $160,000 for direct material and $270,000 for conversion.