Exercise 4-11 Comprehensive Exercise; Second Production Department-weighted Average Method (L04- 2, L04-3, L04-4, LO4-5) 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 Units 3,880 s,eee set Work 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 inventory, March 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Percent Completed Pulping Conversion 100% 100x 75% $ 1,349 s 684 163, 3ee $ 62, 6es $36,067 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 libers 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 5. Prepare a cost reconciliation report for the Drying Department for March. March Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 1. Compute the Drying Department's equivalent units of production for pulping and conversion in 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in Marc 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conve 4. Compute the Drying Department's cost of units transferred out to the Finishing Department fo 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 i Required 2 Required 3 Required 4 Required 5 Compute the Drying Department's equivalent units of production for pulping and conversion in Marc Pulping Conversion Equivalent units of production equired Required 2 > 3. Compute the Drying Department's cost of ending work in process inventory for pulpin 4. Compute the Drying Department's cost of units transferred out to the Finishing Depart 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 Ma decimal places.) Pulping Conversion Cost per equivalent unit 1. Comple ve Diy Department's equivalent units of production for pulping and conversi 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in 3. Compute the Drying Department's cost of ending work in process inventory for pulping, 4. Compute the Drying Department's cost of units transferred out to the Finishing Departme 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 of ending work in process inventory for pulping, conver (Round your intermediate calculations to 2 decimal places.) Pulping Conversion Total Cost of ending work in process inventory 1. Compute the Drying Department's equivalent units of production for pulping and conversion 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in Ma 3. Compute the Drying Department's cost of ending work in process inventory for pulping, cor 4. Compute the Drying Department's cost of units transferred out to the Finishing Department 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 of units transferred out to the Finishing Department for total in March. (Round your intermediate calculations to 2 decimal places.) Pulping Conversion Total Cost of units completed and transferred out Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Drying Department for March. (Round your intermediate 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 Upensive EELISE, Second Production Department-Weighted-Ave 2, LO4-3, LO4-4, LO4-5] Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to sepa result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Departme porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried pap spooled onto reels. The company uses the weighted-average method in its process costing system. Data for Department follow: Units 3,800 5,000 Work 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 inventory, March 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Percent Completed Pulping Conversion 100% sex 100% 75% $ 1,349 $ 684 163,300 $ 62, 685 $ 36,067 No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transfer Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a bat 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 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, cor March 5. Prepare a cost reconciliation report for the Drying Department for March