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Homework answers / question archive / Scribners Corporation produces fine papers in three production departments -Pulping, Drying, and Finishing

Scribners Corporation produces fine papers in three production departments -Pulping, Drying, and Finishing

Accounting

Scribners Corporation produces fine papers in three production departments -Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and spooled onto reels. The company uses the weighted average method in its process costing system. Data for March for the Drying Department follow Percent Completed Units Pulping Conversion Work in process inventory, March 1 3,200 1005 808 Work in process inventory, March 31 8,000 100 758 Pulping cost in work in process inventory, March 1 $ 1,584 Conversion cost in work in process inventory, March 1 $ 1,024 Units transferred to the next production department 152,000 Pulping cost added during March $ 81,616 Conversion cost added during March $ 55,856 No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March. 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 No materials are added in the Drying Department Puping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wot fiber is processed in the Drying Department in batches each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department Required: 1. Compute the Drying Department's equivalent units of production for puiping and conversion in March 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March 4. Compute the Drying Department's cost of units transferred out to the finishing Department for puping, conversion, and in total in March 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below. Required Required2 Houred Required 4 Required Compute the Drying Department's equivalent units of production for pulving and conversion in March. Piping Conversion Equivalent una of production RE Required 2 > HAR Check my were 5 No materials are added in the Drying Department Pulping cost represents the costs of the wet fibers transfered in from the Pulping Department Wet fiber is processed in the Drying Department in batches, each unit in the above table is a batch and one batch of wet fibers produces a set amount of cried paper that is passed on to the finishing Department Required: 1. Compute the Drying Departments equivalent units of production for pulding and conversion in March 2. Compute the Dying Departments cost per equivalent unit for pulving and conversion in March 3. Compute the Drying Departments cost of ending work in process inventory for pulping conversion, and in total for March. Compute the Drying Department's cost of units transferred out to the Finishing Department for puping, conversion and in total in March 5. Prepare a cost reconciliation report for the Drying Department for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Requires 4 Hequired Compute the Driving Department's cost per equivalent unit for puliping and conversion in March. (Round your answers to ? ) Pulping Conversion Cost per eventut Required 1 Resuired) No materials are added in the Drying Department Puping cost represents the costs of the wet libers transferred in from the Puling Department, Wet fiber is processed in the Drying Department in batches, each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department Required: 1 Compute the Drying Department's equivalent units of production for pulping and conversion in March 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March 3. Compute the Drying Department's cost of ending work in process inventory for pulping conversion, and in total for March 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Required Compute the Drying Department's cost of ending work in process inventory for pulpies conversion, and in total for March (Round your intermediate calculations to 2 decimal places) Pulping Conversion Total Cast of aning work in process inventory < Required 2 Required 4 ) MC RE Stro leesonts the costs of the wet fibers transferred in from the Puiping Department Wet fiber is processed in the Drying Department in batches: each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department Required: 1 Compute the Drying Department's equivalent units of production for puliping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for puting and conversion in March 3. Compute the Drying Department's cost of ending work in process inventory for puiping, conversion, and in total for March 4 Compute the Drying Department's cost of units transferred out to the finishing Department for pulping conversion, and in total in March 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below. Required 1 Rovired 2 Required) Required 4 Required Compute the Drying Department's cost of units transferred out to the finishing Department for pulpino, conversion, and in total in March. (Round your intermediate calculations to 2 decimal places.) Pulping Conversion Total Cost of units completed and transferred out Required 3 Required > MC Pro 56 Noul Complete this question by entering your answers in the tabs below. SA Required Required 2 Required Required 4 Required Prepare a cost reconciliation report for the Drying Department for March (Round your intermediate calculations to 2 decimal places) Drying Department Cost Reconciliation Costs to be accounted for $ Total cost to be accounted for Costs accounted for as follows: Total cost accounted for - O

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