Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The…

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Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of November. ,Equivalent units of direct material (weighted-average method)……………….. 62,500,Equivalent units of conversion (weighted-average method)……………………. 49,000,Units completed and transferred out during November…………………………. 47,000, The cost data for November are as follows: , Work in process, November 1,Direct material…………………………………………………………………………………$ 85,750,Conversion…………………………………………………………………………………….. 16,900, Costs incurred during November,Direct material…………………………………………………………………………….$158,000,Conversion…………………………………………………………………………………….. 267,300,There were 19,000 units in process in the Weaving Department on November 1 (100% complete as to direct material, and 38% complete as to conversion). ,Required: ,Compute each of the following amounts using weighted-average process costing. ,1. Cost of goods completed and transferred out of the Weaving Department. ,2. Cost of the November 30 work-in-process inventory in the Weaving Department. ,3. Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the costs incurred in November were $160,000 for direct material and $270,000 for conversion.

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