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Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping DepPlease answer all parts. Thanks!

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Answer #1
Units to account for Units to be accounted for
Beginning work in process 3100 units started and completed 138100
Add units started in process 142200 ending work in process 7200
Total units accounts for 145300 total units to be accounted for 145300

1) compute equivalent unit of production

Material Conversion
%completion units %completion UNITS
Units started and completed 100% 138100 100% 138100
Ending work in process 100% 7200 75% 5400
total equivalent units of production 145300 143500

2) compute cost per equivalent unit

Material conversion
Beginning work in process $1054 $496
Cost added during March $51254 $28204
Total cost account for $52308 $28700
Equivalent units 145300 143500
Cost PER equivalent units[total cost/equivalent units] $52308/145300 $28700/143500

0.36

​​​​

​​​​0.2

3) cost of ending work in process

Units cost per equivalent units total
Material 7200 0.36 $2592(7200×$0.36)
Conversion 5400 0.2 $1080(5400×0.2)

TOTAL = $2592+$1080= $3672

4) compute cost of units transferred

Units cost per equivalent unit total
Material 138100 0.36 $49716(138100×0.36)
Conversion 138100 0.2 $27620(138100×0.2)

5) cost reconciliation

Cost to be accounted for
Cost of beginning work in process $1550
Add cost during the year $79458
Total $81008
Cost accounted for
Cost of units transferred out $77336
Add cost of ending work in process $3672
Total $81008

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