For all Problems, assume the weighted average method is to be used unless you are told otherwise. Preparing a production cost report, second department with beginning WIP; journal entries 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. Information for July 2018 follows: Requirements 1. Prepare a production cost report for Casey's Dyeing Department for July. The company uses the Weighted average method. 2. Journalize all transactions affecting Casey's Dyeing Department during July, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. UNITS 75 rolls 590 rolls Beginning Work-in-Process Inventory Transferred in from Spinning Department during July Completed during July Ending Work-in-Process Inventory (80% complete for conversion work) COSTS 550 rolls 115 rolls $ 10,100 21,570 Beginning Work-in-Process Inventory (transferred in costs, $3,700; materials costs, $1,450; conversion costs, 54,950) Transferred in from Spinning Department Materials costs added during July Conversion costs added during July (manufacturing wages, $8,050; manufacturing overhead allocated, 545,422) 11,185 53,472