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Book Scribners Corporation produces fine papers in three production departments --Puiping, Drying, and finishing in the Pulpi
Check my Required: 1. Compute the Drying Departments equivalent units of production for pulping and conversion in March. 2.
Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Required 3 Required 4 Required 5
Required 1 Required 2 Required 3 Required 4 Required 5 Compute the Drying Departments cost of ending work in process invento
Required 1 Required 2 Required 3 Required Required 5 Required 4 Compute the Drying Departments cost of units transferred out
Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Drying Department for Mar
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Answer #1

1 Pulping 149,700 Conversion 147,450 Equivalent units of Production 2 Pulping Conversion $ 0.42 $ 0.26 Cost per Equivalent un

Workings:

Weighted-Average Method: 1 Equivalent units of production Transferred Out Ending Work in process Total Equivalent units of Pr

**Weighted-Average Method:
*It calculates the equiavlent-unit cost of the work done to date and assigns this cost to equiavlent units
completed and transferred out of the process and to equivalent units in ending WIP inventory.
*The weighted-average cost is the total of all costs entering WIP account divided by total equivalent units
of work done to date.
*Equivalent units in Beginning WIP + Equivalent units of work done in current period = Equivalent units completed and transferred out in current period + Equivalent units in Ending WIP.
*Cost per Equivalent unit of production = Cost of beginning WIP + Started = Total Costs divided by Equivalent units.

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