Cougar Carpet manufactures broadloom carpet in seven processes: Spinning, Dyeing, Playing, Spooling, Tufting, Latexing, and Shearing. In the Dyeing Department the direct matericals (dye) are add at the beginning of the proces. Conversion costs are incurred evenly thoughout the process. Information for november 2014 follows:
UNITS
beginning work process inventory-------------------------------------------------------- -------- 90 rolls
Transferred- ub from spinning during November-----------------------------------------------540 rolls
Completed during November------------------------------------------------------------------------510 rolls
Ending work in porcess- 80% complete as to conversion work----------------------------120 rolls
COST
Beginning work in process( transferred in cost, $4,900; materials cost, $1,390;conversion costs, $4,900)--------------$11,190
Transferred- in from spinning during November-----------------------------------------------------------------------------------------$22,190
Materials Cost added during November----------------------------------------------------------------------------------------------------$11,210
Conversion cost added during November (manufacturing wages, $8,225; manufacturing overhead, $43,839)--------------------------------------------------------------------------------------------------------------------------------------------$52,064
Requirements
1. Prepare the November production cost report for Christine's Dyeing Department.
2. Journalize all transactions affecting Christine's Dyeing Department during November, including the entries that have already been poated.