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Homework Answers
| 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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Please answer all parts.
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Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and...
!!!!!!!!!!!!!!! PLEASE ANSWER ALL PARTS!!!!!!!!!!!!!!!! Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and...
!!!!!!!!!!!!!!! PLEASE ANSWER ALL PARTS!!!!!!!!!!!!!!!!
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Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department,...
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...
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Scribners Corporation produces fine papers in three production departments Pulping, Drying, and Finishing. In the Pulping...
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Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department,...
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,...
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,...
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...
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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...
!!!!!!!!!!!!!!! PLEASE ANSWER ALL PARTS!!!!!!!!!!!!!!!!
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...
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