Answers
Pulping |
Conversion |
|
Equivalent units of production |
165,000 |
159,000 |
EUP - Weighted Average Method |
Units |
% Pulping |
EUP Pulping |
% Conversion |
EUP - Conversion |
Units TRANSFERRED |
157,000 |
100% |
157,000 |
100% |
157,000 |
Units of ENDING WIP |
8,000 |
100% |
8,000 |
25% |
2,000 |
Equivalent Units of Production |
165,000 |
159,000 |
Pulping |
Conversion |
|
Cost per Equivalent units |
$ 0.65 |
$ 0.20 |
COST per EUP |
Pulping |
Conversion |
|||
Cost of Beginning WIP |
$ 4,800.00 |
$ 500.00 |
|||
Cost incurred during the period |
$ 102,450.00 |
$ 31,300.00 |
|||
Total Costs |
Costs |
$ 107,250.00 |
Costs |
$ 31,800.00 |
|
Equivalent units of production |
EUP |
165,000 |
EUP |
159,000 |
|
Cost per EUP |
$ 0.65000 |
$ 0.20000 |
Pulping |
Conversion |
Total |
|
Cost of ending WIP Inventory |
$ 5,200.00 |
$ 400.00 |
$ 5,600.00 |
Cost of ending WIP |
EUP |
Cost per EUP |
Total Cost |
|
- Pulping |
8,000 |
$ 0.65 |
$ 5,200.00 |
|
- Conversion |
2,000 |
$ 0.20 |
$ 400.00 |
|
Total cost of ending WIP |
$ 5,600.00 |
Pulping |
Conversion |
Total |
|
Cost of units completed & transferred out |
$ 102,050.00 |
$ 31,400.00 |
$ 133,450.00 |
Cost of Units Transferred Out |
EUP |
Cost per EUP |
Total Cost |
|
- Pulping |
157,000 |
$ 0.65 |
$ 102,050.00 |
|
- Conversion |
157,000 |
$ 0.20 |
$ 31,400.00 |
|
Total Cost transferred Out |
$ 133,450.00 |
Costs to be accounted for: |
|
Cost of Beginning WIP Inventory |
$ 5,300.00 |
Cost added to production during the period |
$ 133,750.00 |
Total Cost to be accounted for |
$ 139,050.00 |
Costs accounted for as follows: |
|
Cost of units transferred out |
$ 133,450.00 |
Cost of Ending WIP Inventory |
$ 5,600.00 |
Total Cost accounted for |
$ 139,050.00 |
Difference due to rounding off |
$ - |
Exercise 4-11 (Static) Comprehensive Exercise; Second Production Department--Weighted-Average Method (L04-2, LO4-3, LO4-4, LO4-5) Scribners Corporation produces...
Exercise 4-11 Comprehensive Exercise; Second Production Department-Weighted-Average Method [LO4- 2, LO4-3, L04-4, L04-5) Scribners Corporation 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...
answer all parts plzzzzzz Exercise 4-11 Comprehensive Exercise; Second Production Department-weighted Average Method [LO4-2, LO4-3, L04-4, LO4-5) Scribners Corporation 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...
Ches 2 Exercise 4-11 Comprehensive Exercise; Second Production Department-weighted Average Method (L04- 2, L04-3, L04-4, LO4-5) 3.33 points Scribners Corporation 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...
Just need help with QUESTION 5 Exercise 4-11 Comprehensive Exercise; Second Production Department-Weighted-Average Method LO4-2, LO4-3, LO4-4, LO4-5 Scribners Corporation 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...
Exercise 5-11 Comprehensive Exercise; Second Production Department-weighted Average Method (LO5-2, LO5-3, LO5-4, LO5-5) Scribners Corporation 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...
Scribners Corporation 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...
Scribners Corporation 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...
Scribners Corporation 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...
Scribners Corporation 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,...
Scribners Corporation 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...