A/ (L. OBJ. 1) Computing equivalent units for a second department with beginning inventory; preparing a production cost report and recording transactions on the basis of the report's information-weighted-average method [45-60 min] Casey 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. Casey uses weighted-average process costing. Information for March 2011 follows: Units: Beginningwork in process inventory, 40% complete as to conversion work Transferred-in from Spinning Department during March Completed during March Ending work in process (80% complete as to conversion,work) 75 rolls 560 rolls 500 rollsASS 135 rolls Costs: Beginning work in process (transferred-in cost, $1,852 materials cost, $3,075 conversion costs, $2,212 Transferred-in from Spinning Department during March Materials cost added during March Conversion costs added during March (manufacturing wages, 7,139 12,880 22,960 $8,445; manufacturing overhead, $45,887) 54,332 Requirements 1. Prepare a time line for Casey's Dyeing Department. 2. Use the time line to help you compute the equivalent units, cost per equivalent unit, and total costs to account for in Casey's Dyeing Department for March using the weighted-average method. 3. Prepare the March production cost report for Casey's Dyeing Department 4. Journalize all transactions affecting Casey's Dyeing Department during March, including the entries that have already been posted