SuperCorporation 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: Pulping --> Drying --> Finishing Percent Completed Units Pulping Conversion Work in process inventory, March 1 5,000 100% Work in process inventory, March 31 8,000 100% 20% 25% Pulping cost in work in process inventory, March 1 $ 4,800.00 Conversion cost in work in process inventory, March 1 $ 500.00 Units transferred to the next production department 157000 (not $) Pulping cost added during March Conversion cost added during March $ $ 102,450.00 31,300.00 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. Answer the following questions 1 Determine the equivalent units for March for pulping and conversion. Pulping Converson Transferred to next department Ending work in process: (equivalent units) Pulping: Conversion: Equivalent units of production 2 Cost per equivalent unit 3 Cost of beginning work in process Cost added during the period Total cost Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory and units transferred out Ending work in process inventory: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units completed and transferred out 4 Cost reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units completed and transferred out Total cost accounted for Pulping Converson Pulping Converson Total