Comp211 similar to Question Help The Raleigh Shirt Company m

Comp21-1 (similar to) Question Help The Raleigh Shirt Company makes two types of T-shirts basic and custom. (Click the icon to view the additional information) For the same time period, the Raleigh Shirt Company compiled the following data for the Custom Design Department For March 2018, the Raleigh Shirt Company compled the following data for the EEB (Click the icon to view the Custom Design data) Cutting and Sewing Departments: EEB Click the icon to view the Cutting and Sewing data) Read the recsirements UNITS Units In Materials Costs Units to account for Beginning work-in-process 250 Started in production 1.600 Total units to account for Units accounted for Completed and transferred out Ending work-in-process 1550] 1550][ 1550[ nia 6340 2 ) 300 n/a 240 Total units accounted for nía 1790 322 hoose from any list or enter any number in the input fields and then click Check Answer

Solution

Raleigh Shirts Company Product Cost Report Cutting Department Direct Materials Conversion Costs Total Beginning Inventory 0 0 Current 2560 1760 Total cost to account for 2560 1760 4320 *Total equivalent Units 1600 1600 Average cost/Equivalent units 1.60 1.10 Sewing Department Transferred in Conversion Costs Beginning Inventory 675 325 Current 4320 2002 Total cost to account for 4995 2327 *Total equivalent Units 1790 1790 Average cost/Equivalent units 2.791 1.30 Completed/Transferred Transffered in =1550*2.79 4325 Conversion Costs =1550*1.30 2015 Cost of goods Manufactured 6340 Ending Inventory Transferred in =240*2.79 670 Conversion Costs =240*1.30 312 Cost of ending Inventory 982 Total Cost allocated 7321 Statement of equivalent productions for Sewing Department % Completion Conversion Begininning Balance 250 Completed & transferred 1550 100 1550 started during march 1600 Ending Balance 300 80 240 1850 1850 Equivalent units= 1790