Question

Could you explain to me how to solve for the appropriate values in the cost reconciliation table (as seen in number 4)?

I followed the problem in all the other sections, but not for this one:

http://www.chegg.com/homework-help/scribners-corporation-produces-fine-papers-three-production-chapter-4-problem-10e-solution-9780077386214-exc

The first half of the table, labeled "costs to be accounted for" was confusing.

Answer 1

working
Cost of Prduction report (weighted avg method)
ProductionDepartment		Equivalent Units
Flow Of Units	Physical Units	Pulping	Conversion Cost
Units to be accounted for
Beginning work in process inventory	5000
Units started this period	160000
Total u nits to be accounted for	165000
Units accounnted for:
Units transferred out (b)	157000	157000	157000
Ending work in progress inventory c (100% material and 25% conversion)	8000	8000	2000
Total units to be accounted for (f)	165000	165000	159000
Flow of Cost
Cost in the begnning work in progress inventory	5300	4800	500
cost added to process	133750	$102,450	$31,300
Total Cost to be accounted for (e)	139050	107250	31800
Cost per equivalent unit (a)		0.65	0.20
Cost accounted for
Cost assigned to units transferred out (a*b)	133450	102050	31400
Cost in ending work in progress inventory (a*c)	5600	5200	400
Total Cost accounted for	139050	107250	31800
Ans 1	Pulping	Conversion cost
Equivalent units	165000	159000
ans 2
Cost per equivalent units	0.65	0.20
ans 3
Cost of Ending Wip	5600
Cost of units transferred	133450
ans 4
Cost of Prduction report (weighted avg method)
ProductionDepartment		Equivalent Units
Flow Of Units	Physical Units	Pulping	Conversion Cost
Units to be accounted for
Beginning work in process inventory	5000
Units started this period	160000
Total u nits to be accounted for	165000
Units accounnted for:
Units transferred out (b)	157000	157000	157000
Ending work in progress inventory c (100% material and 25% conversion)	8000	8000	2000
Total units to be accounted for (f)	165000	165000	159000
Flow of Cost
Cost in the begnning work in progress inventory	5300	4800	500
cost added to process	133750	$102,450	$31,300
Total Cost to be accounted for (e)	139050	107250	31800
Cost per equivalent unit (a)		0.65	0.20
Cost accounted for
Cost assigned to units transferred out (a*b)	133450	102050	31400
Cost in ending work in progress inventory (a*c)	5600	5200	400
Total Cost accounted for	139050	107250	31800

If any doubt please comment