Solve Using FIFO Method.

1. Compute the Drying Departments equivalent units of prodouction for pulping and conversion in March.

2. Compute the Drying Departments cost per equivalent unit for pulling and conversion in March.

3. Compute the Drying Departments cost of ending work in process inventory for pulping, conversion, and in total for March.

and Finishin Method L Corporation produces fine papers in three production departments-Pulping, Drying Scribhoshjng. In the Pulping Department, raw materials such as wood fiber and rag cotton are lly and chemically treated to separate their fibers. The result is a thick slurry of fibers. In Department, the wet fibers transferred from the Pulping Department are laid down on the bs webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the Pordar is coated, cut, and spooled onto reels. The company uses the weighted-average method driss brocess costing system. Data for March for the Drying Department follow: in its Percent Completed Pulping Conversion Units Work in process inventory. March 1 5,000 8,000 100% 100% 20% 25% 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 . . .. .. $4,800 $500 157,000 $102,450 $31,300 No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Depart- ment 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. 1. Compute the Drying Department's equivalent units of production for pulping and conversion 2 Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3Compute the Drying Department's cost of ending work in process inventory for pulping, con- in March. version, and in total for March. n the Druing Denartment's cost of units transferred out to the Finishing Department