Carla Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, 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 November 2018 follows:
UNITS
Beginning Work-in-Process Inventory .............................................. 70 rolls
Transferred in from Spinning Department during November .................. 550 rolls
Completed during November ........................................................ 480 rolls
Ending Work-in-Process Inventory (80% complete for conversion work) .... 140 rolls
COSTS
Beginning Work-in-Process Inventory (transferred in costs, $4,000; ........ $ 10,700
materials costs, $1,400; conversion costs, $5,300)
Transferred in from Spinning Department ........................................ 23,280
Materials costs added during November .......................................... 14,100
Conversion costs added during November (manufacturing wages,
$8,725; manufacturing overhead allocated, $43,991) ............................... 52,716
Requirements
1. Prepare the November production cost report for Carla's Dyeing Department. The company uses the weighted-average method.
2. Journalize all transactions affecting Carla's Dyeing Department during November, including the entries that have already been posted. Assume labor costs are accrued and not yet paid?