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Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell 34 enter the formula - B9" After entering formules in all of the cells that contained question marks verify that the dollar amounts match the example in the text Check your worksheet by changing the beginning work in process inventory to 100 units the units started into production during the period to 2500 units, and the units ending work in process inventory to 200 units, keeping all of the other data the same as in the original example of your worksheet is operating properly, the cost per equivalent init for material should now be $152.50 and the cost per equivalent unit for conversion should be 345 50 if you do not get these answers, and the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse Next, click "Save. You will use this worksheet to answer the questions in Part 2 Chapter 4: Applying Excel 200 55% 30% 0 Data Beginning work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory Materials cost Conversion cost 1 Units started into production during the period 2 Costs added to production during the period: 3 Materials cost Conversion cost 5 Ending work in process inventory 5 Units in process 7 Completion with respect to materials 8 Completion with respect to conversion $9,600 $5,575 5,000 $368,600 $350,900 4 400 40% 25% 9 Enter a formula into each of the cells marked with a ? below 1 2 Weighted Average method: 3 1 5 Conversion Equivalent Units of Production Materials 6 Units transferred to the next department 7 Equivalent units in ending work in process inventory 8 Materials 9 Conversion o Equivalent units of production 1 Costs per Equivalent Unit 3 Materials 4 Cost of beginning work in process inventory 5 Costs added during the period -6 Total cost -7 Equivalent units of production 8 Cost per equivalent unit 2 Conversion ? 2 ? 2 ? Conversion ? Equivalent Units of Production Matenals Units transferred to the next department Equivalent units in ending work in process inventory Materials Conversion Equivalent units of production 2 ? ? Costs per Equivalent Unit Cost of beginning work in process inventory Costs added during the period Total cost Equivalent units of production Cost per equivalent unit Materials ? ? ? ? ? Conversion ? 7 ? 2 2 Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total Ending work in process inventory Equivalent units ? Cost per equivalent unit ? ? Cost of ending work in process inventory ? ? ? ? Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out 2 ? ? Cost Reconciliation Costs to be accounted for Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for ? ? ? ? ? Requirement 2 Change all of the numbers in the data area of your worksheet so that it looks like this: A B C 1 Chapter 4: Applying Excel UAN 200 40 % 25 % $ $ Data 4 Beginning work in process inventory: Units in process 6 Completion with respect to materials 7 Completion with respect to conversion Costs in the beginning work in process inventory Materials cost 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Ending work in process inventory 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion 952 3,841 10,400 $ 117,608 $ 782 759 500 60 % 50% If your formulas are correct, you should get the correct answers to the following questions. (a) What is the equivalent units of production for materials? quivalent units of production for materiali (b) What is the equivalent units of production for conversion? Equivalent units of production for conversion (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) Cost of units transferred out Requirement 3: Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer back to this worksheet Change the percentage completion with respect to conversion for the beginning inventory from 25% to 10%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: B C 200 40% 10% A 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 Costs in the beginning work in process inventory 9 Materials cost 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period 13 Materials cost Conversion cost 15 Ending work in process inventory 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion $ 952 3.841 10.400 $ 117 608 $ 782.759 500 60% 50% (a) What is the equivalent units of production for materials? (b) What is the equivalent units of production for conversion? Equivalent units of production for conversion (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) Cost of this transferred out ( Which of the following statements are true? (You may select more than one answer. Single click the box with the question m produce a check mark for a correct answer and double click the box with the question mark to empty the box for o wrong an Any boxes left with a question mark will be automatically graded as incorrect.) In the weighted average method, the percentage completion of beginning inventory has no effect on the equivalent units of production 2 In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit

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