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Check my work 1 Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood
Check my work 1 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 spooled onto reels. The company uses the weighted-average method in its process costing system. Data for March for the Drying Department follow: ovens. In the Finishing Department, the dried paper is coated, cut, and 2.5 points Percent Completed Pulping Conversion Units Work March Work in process inventory, March 31 Pulping cost in work in process inventory, March 1 Conversion cost in work in process inventory, March 1 8,500 BO3 1008 eBook 1,155 630 ransierred to the next production department. Print s 36,520 Conversion cost added during March References 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 fibers produces a set amount of dried paper that is passed on to the Finishing Department. a batch and one batch of wet 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 Compute the Drying Department's cost fending work in process inventory for pulping, conversion, and units transferred out to the Finishing Department for pulping, conversion, and in total in total for March. M 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
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