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I need help with 1-5
Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Dep
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Answer #1

Answer-

1. Determine the equivalent units for March for pulping and conversion. Equivalent units of production

Pulping

Conversion

Equivalent units of production

147900

147450

Working notes for the above answer

Weighted-Average Method: 1. Equivalent units of production: Pulping 142,200 Conversion 142,200 Transferred to next department

2

Compute the costs per equivalent unit for March for pulping and conversion. (Round your answers to 2 decimal places.) Cost per equivalent unit

Pulping

Conversion

Cost per equivalent unit

0.42

0.26

Working notes for the above answer

2. Cost per equivalent unit: Pulping $ 1,080 61,794 Conversion $ 594 37,743 Cost of beginning work in process Cost added duri

3

Determine the total cost of ending work in process inventory and the total cost of units transferred to the Finishing Department in March. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar.) Cost of ending work in process inventory:

Total

cost of Ending work in progress Inventory

                    4,515

cost of unit completed and transferred out

                  96,696

Working notes for the above answer

3. Cost of ending work in process inventory and units transferred out: Pulping Conversion Total 7,500 5,250 $ 0.42 $ 0.26 $ 3

4

Cost reconciliation report

Costs to be accounted for

Amount in $

Cost of beginning work in process inventory

1674

Cost added to production during the period

99537

Total cost to be accounted for

101211

Cost accounted for as follows

Cost of units completed and transferred out

4515

Cost of ending work in process inventory

96696

Total cost accounted for

101211

Working notes for the above answer

4. Cost reconciliation: Cost of beginning work in process inventory ($1,080 + $594) = $1,674 Costs added to production during

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