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Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Dep

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Answer #1

1) Equivalent unit

Physical unit EUP-Pulping EUP-Conversion
Unit transferred out 140300 140300 140300
Ending work in process 8000 8000 6000
Equivalent unit 148300 148300 146300

2) cost per equivalent unit

Pulping Conversion
Beginning WiP 1517 779
Cost added 56320 32870
Total Cost 57837 33649
Equivalent unit 148300 146300
Cost per equivalent unit 0.39 0.23

3) cost of ending work in process

Pulping Conversion Total
Cost of ending work in process 3120 1380 4500

4) cost of unit transferred out

Pulping Conversion Total
Cost of unit transferred out 54717 32269 86986

5) Cost reconciliation

Cost to be accounted for
Beginning WIP 2296
Cost added 89190
Total Cost to be accounted for 91486
Cost accounted as
Cost of unit transferred out 86986
Cost of ending WIP 4500
Total Cost accounted as 91486
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