Answered step by step
Verified Expert Solution
Question
1 Approved Answer
20 5 Mork in process inventory, March 1 Mork in process inventory, March 31 Unite 3,000 Percent Completed Pulping Conversion 100% 00% Pulping cost in
20 5 Mork in process inventory, March 1 Mork in process inventory, March 31 Unite 3,000 Percent Completed Pulping Conversion 100% 00% Pulping cost in work in process inventory, March 1 Conversion cost in work in process inventory, March 1 Units transferred to the next production department Palping cost added during March 7,000 100% 75% S 360 133,900 21,904 points Skipped P References Conversion coat added during March 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 S Compute the Drying Department's equivalent units of production for pulping and conversion in March Equivalerd units of proton Puling Conversion Help Save & Exit Submit Check my work 20 5 points Skipped Book Print Rece Mork in process inventory, March 1 Work in process inventory, March 31 Pulping cost in work in process inventory, March 1 Conversion coat in work in process inventory, March 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Percent Completed Units Pulping Conversion 3,000 1009 40% 7,000 100% 756 360 133,900 44,203 21,904 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 Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. Round your answers to 2 decimal places) Pulping Conversion Cost per equivalent unit Help Save & Exit Submit Check my work 20 5 points Skipped P Mork in process inventory, March 1 Work in process inventory, March 31 Pulping cost in work in process inventory, March 1 Conversion cost in work in process Laventory, March 11 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Units Percent Completed Pulping Conversion 3,000 100% 80% 7,000 100% 759 $ 360 133,900 344,203 21,904 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 11 Required Required 31 Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March (Round your intermediate calculations to 2 decimal places.) Total Coel of ending work in process inventory Required Required> Help Save & Submit Check my work 20 5 points Skipped eBook Print References Work in process inventory, March 1 Mark in process inventory, March 31. Pulping cost in work in process inventory, March 1 Conversion cost in work in process inventory, March 11 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Percent Complate hits Pulping Conversion 3,000 100% 80% 7,000 100% 758 $445 360 133,900 $21,904 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 S Compute the Drying Department's cost of units transferred out to the Finishing Department for piping, conversion, and in total in March. (Round your intermediate calculations to 2 decimal places.) Cost of units completed and translamed out Pulping Conversion Tutal Check my work Seved 20 5 points Skipped 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. eBook Required 1 Required 2 Required 3 Required 4 Required S Pr Referen Prepare a cost reconciliation report for the Drying Department for March. (Round your intermediate calculations to 2 decimal places.) Costs to be accounted for Drying Department Cost Reconciliation Total cost to be accounted for Costs accounted for as follows Total cost accounted for Help Save & Exit Submi Check my work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started