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Return to questio Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing.Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compoints Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 RequireAnswer is not complete. 2.85 points Complete this question by entering your answers in the tabs below. Required 1 Required 25. Prepare a cost reconciliation report for the Drying Department for March. Answer is not complete. 2.85 points Complete thiRequired 1 Required 2 Required 3 Required 4 Required 5 2.85 points Prepare a cost reconciliation report for the Drying Depart

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Answer #1
1
Pulping Conversion
Units completed and transferred out 145000 145000
Work in process, ending:
7600 X 100% 7600
7600 X 75% 5700
Equivalent units of production 152600 150700
2
Pulping Conversion
Work in process, March 1 1050 600
Cost added during March 66094 41596
Total costs 67144 42196
Divide by Equivalent units of production 152600 150700
Cost per Equivalent unit 0.44 0.28
3
Pulping Conversion Total
Work in process, ending units 7600 5700
X Cost per Equivalent unit 0.44 0.28
Cost of ending work in process inventory 3344 1596 4940
4
Pulping Conversion Total
Units completed and transferred out 145000 145000
X Cost per Equivalent unit 0.44 0.28
Cost of Units completed and transferred out 63800 40600 104400
5
Cost Reconciliation:
Cost to be accounted for:
Cost of Beginning work in Process inventory 1650
Cost added during month 107690
Total Cost to be accounted for 109340
Cost accounted for as follows:
Cost of Units completed and transferred out 104400
Cost of ending work in process inventory 4940
Total Cost accounted for 109340
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