1) Equivalent unit
Material | Conversion Cost | |
Unit transferred out | 143400 | 143400 |
Ending WIP | 8400 | 8400*75% = 6300 |
Equivalent unit | 151800 | 149700 |
2) Cost per equivalent unit
Material | Conversion | |
Beginning WIP | 1189 | 667 |
Cost added | 64085 | 39752 |
Total Cost | 65274 | 40419 |
Equivalent unit | 151800 | 149700 |
Cost per EUP | 0.43 | 0.27 |
3) Cost of ending WIP
Material | Conversion | Total | |
Cost of ending WIP | 8400*.43 = 3612 | 6300*.27 = 1701 | 5313 |
4) Cost of unit transferred out
Material | Conversion | Total | |
Cost of unit transferred out | 61662 | 38718 | 100380 |
5) Cost reconciliation
Cost to be accounted for | |
Beginning WIP | 1856 |
Cost Incurred | 103837 |
Total Cost to be accounted for | 105693 |
Cost accounted as | |
Cost of unit transferred out | 100380 |
Cost of ending WIP | 5313 |
Total Cost accounted as | 105693 |
Exercise 5-11 Comprehensive Exercise; Second Production Department-weighted Average Method (LO5-2, LO5-3, LO5-4, LO5-5) 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...
Exercise 4-11 (Static) Comprehensive Exercise; Second Production Department--Weighted-Average Method (L04-2, 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 remove excess liquid, 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...
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...
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...
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...
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, and...