DATA INPUT
Raleigh Textiles Company
Equivalent units of direct material (weighted-average) 62,500
Equivalent units of conversion (weighted-average) 49,000
Units completed and transferred out during September 47,000
Work in process, September 1
Direct material 85,750$
Conversion 16,900
Costs incurred during September
Direct material 158,000$
Conversion 267,300
Units in process on September 1 19,000
Complete as to conversion 7,220
SOLUTION
Weighted-Average Method Direct Material Conversion Total
Work in process, September 1 85,750$ 16,900$ 102,650$
Direct Material Conversion
Total equivalent units (weighted average) 62,500 49,000
1. Cost of goods completed and transferred out during September:
2. Cost remaining in September 31 work in process: