Exercise 5-11 (Algo) Comprehensive Exercise; Second Production Department-Weighted Average Method [LO5-2, LO5-3, L05-4, L05-5] Scribners Corporation produces fine papers in three production departments -Puping Drying, and Fishing in the Piping Department, raw materials such as wood fiber and tag cotton are mechanically and chemically treated to separate the ben. The result is a thick slurry of fibers in the Drying Department, the wet fibers transferred from the Paiping Department are w down on porous webs, pressed to remove excess liquid, and dined in ovens. In the Fishing Department, the dried paper scoated out and spooled onto reels. The company uses the weighted average method in its process costing system Duta for March for the Dyng Department follow Tent Caled sition Work in process Eventory, March 1 3.00 Work in process inventory, March 31 7.500 Pulping cost is work in process inventory, March 1 $ 3.000 Conversion cost to work in process inventory, March 1 350 Units transferred to the next production department 11,000 Pulping cost wided during arch 1.43,610 Conversion cost de curierarch 12), No materials are added in the Drying Department Puting cost represents the costs of the wellbes need into the big Department. Wet fiber is processed in the Drying Deparment in batches each unit in the above table is a batch andre batch fibers produces a set amount of dried paper that is passed on to the finishing Department Required: 1 Compute the Drying Departments equivalent units of production for puping and conversion in March 2 Compute the Drying Department's cost der equivalent unit for puping and conversion in March 3. Compute the Drying Department's cost of ending work in process invertory for puping conversion and in total for Mars 4. Compute the Dying Departments cost of units transferred out to the Fishing Department for puig conde March 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below ured2 quired: Required Required Red Compute the Drying Departments quent units of production for puping and conversion in March Pus Equivalent of production Required) 22 TI O C Type here to search Exercise 5-11 (Algo) Comprehensive Exercise; Second Production Department-Weighted-Average Method [LO5-2, LO5-3, L05-4, LO5-5) Scribners Corporation produces fine papers in three production departments-Puiping, 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 dred 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 Onits Point Conversion Work in process inventory, March 1 3.500 BOE Work in process inventory, March 31 7.500 60x Pilping cost in work in process inventory, March 1 51.035 Conversion cost in work in process inventory, March 1 $350 Units transferred to the next production department 134.000 Pulping cost added during March 5.45.610 Conversion cost added during March $ 23,195 No materials are added in the Drying Department Pulping cost represents 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 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 Required Compute the Drying Department's equivalent units of production for pulping and conversion in March. Pulping Equivalent units of production Conversion Required 2 > Exercise 5-11 (Algo) Comprehensive Exercise; Second Production Department-Weighted Average Method [LO5-2, LO5-3, L05-4, L05-5] Scribners Corporation produces fine papers in three production departments -Puping Drying, and Fishing in the Piping Department, raw materials such as wood fiber and tag cotton are mechanically and chemically treated to separate the ben. The result is a thick slurry of fibers in the Drying Department, the wet fibers transferred from the Paiping Department are w down on porous webs, pressed to remove excess liquid, and dined in ovens. In the Fishing Department, the dried paper scoated out and spooled onto reels. The company uses the weighted average method in its process costing system Duta for March for the Dyng Department follow Tent Caled sition Work in process Eventory, March 1 3.00 Work in process inventory, March 31 7.500 Pulping cost is work in process inventory, March 1 $ 3.000 Conversion cost to work in process inventory, March 1 350 Units transferred to the next production department 11,000 Pulping cost wided during arch 1.43,610 Conversion cost de curierarch 12), No materials are added in the Drying Department Puting cost represents the costs of the wellbes need into the big Department. Wet fiber is processed in the Drying Deparment in batches each unit in the above table is a batch andre batch fibers produces a set amount of dried paper that is passed on to the finishing Department Required: 1 Compute the Drying Departments equivalent units of production for puping and conversion in March 2 Compute the Drying Department's cost der equivalent unit for puping and conversion in March 3. Compute the Drying Department's cost of ending work in process invertory for puping conversion and in total for Mars 4. Compute the Dying Departments cost of units transferred out to the Fishing Department for puig conde March 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below ured2 quired: Required Required Red Compute the Drying Departments quent units of production for puping and conversion in March Pus Equivalent of production Required) 22 TI O C Type here to search Exercise 5-11 (Algo) Comprehensive Exercise; Second Production Department-Weighted-Average Method [LO5-2, LO5-3, L05-4, LO5-5) Scribners Corporation produces fine papers in three production departments-Puiping, 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 dred 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 Onits Point Conversion Work in process inventory, March 1 3.500 BOE Work in process inventory, March 31 7.500 60x Pilping cost in work in process inventory, March 1 51.035 Conversion cost in work in process inventory, March 1 $350 Units transferred to the next production department 134.000 Pulping cost added during March 5.45.610 Conversion cost added during March $ 23,195 No materials are added in the Drying Department Pulping cost represents 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 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 Required Compute the Drying Department's equivalent units of production for pulping and conversion in March. Pulping Equivalent units of production Conversion Required 2 >