spooled onto reels. The company uses the weighted-average method in its process costing system. Data tor March for the Drying Department follow: Units 3,500 5,500 Percent Completed Conversion 80% 70% Pulping Work in process inventory, March 1 Work in process inventory, March 31 Pulping cost in work in process inventory, March 1 Conversion cost in work in process inventory, March 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March 100% 100% 1,645 S 1,050 154,900 $78,555 S 52,925 No materials are added in the Drying Department. Pulping cost represerts the costs of tne wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches: each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in Marcn. 2 Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Denartment's const of anding

spooled onto reels. The company uses the weighted-average method in its process costing system. Data tor March for the Drying Department follow: Units 3,500 5,500 Percent Completed Conversion 80% 70% Pulping Work in process inventory, March 1 Work in process inventory, March 31 Pulping cost in work in process inventory, March 1 Conversion cost in work in process inventory, March 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March 100% 100% 1,645 S 1,050 154,900 $78,555 S 52,925 No materials are added in the Drying Department. Pulping cost represerts the costs of tne wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches: each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in Marcn. 2 Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Denartment's const of anding

Name: spooled onto reels. The company uses the weighted-average method in i
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Description: spooled onto reels. The company uses the weighted-average method in its process costing system. Data for March for the DryingDepartment follow:Units3.5005 500Percent CompletedPulping100%|100%Conversion80%70%Work in process inventory, March 1Work in

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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