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Work in process inventory, March 1 Work in process inventory, March 31 Pulping cost in work in process inventory, March Perce


Exercise 4-11 Comprehensive Exercise; Second Production Department-weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5) Scrib
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Answer #1
1
Pulping Conversion
Units completed and transferred out 158000 158000
Work in process, ending:
6000 X 100% 6000
6000 X 75% 4500
Equivalent units of production 164000 162500
2
Pulping Conversion
Work in process, March 1 1470 980
Cost added during March 88730 62395
Total costs 90200 63375
Divide by Equivalent units of production 164000 162500
Cost per Equivalent unit 0.55 0.39
3
Pulping Conversion Total
Work in process, ending units 6000 4500
X Cost per Equivalent unit 0.55 0.39
Cost of ending work in process inventory 3300 1755 5055
4
Pulping Conversion Total
Units completed and transferred out 158000 158000
X Cost per Equivalent unit 0.55 0.39
Cost of Units completed and transferred out 86900 61620 148520
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