Scribners Corporation produces fine papers in three production departmentsPulping, 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	Percent Completed
		Pulping	Conversion
Work in process inventory, March 1	3,000	100%	80%
Work in process inventory, March 31	7,000	100%	75%

Pulping cost in work in process inventory, March 1	$ 885
Conversion cost in work in process inventory, March 1	$ 360
Units transferred to the next production department	133,900
Pulping cost added during March	$ 44,203
Conversion cost added during March	$ 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.

Compute the Drying Department's equivalent units of production for pulping and conversion in March.

	Pulping	Conversion
Equivalent units of production

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

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.)

	Pulping	Conversion	Total
Cost of ending work in process inventory

Required 2

Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March. (Round your intermediate calculations to 2 decimal places.)

	Pulping	Conversion	Total
Cost of units completed and transferred out

repare 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