Please show formulas using excel Build a spreadsheet: Construct an Excel spreadsheet to solve all of the...

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Accounting

Please show formulas using excel

Build a spreadsheet: Construct an Excel spreadsheet to solve allof the preceding requirements. Show how the solution will change ifthe following data change: the April 1 work-in-process costs were$66,000 for direct material and $18,000 for conversion.

Work in process, April 1—10,000 units: Direct material: 100%complete, cost of.........................................................................................................$22,000

Conversion: 20% complete, cost of.................................................................................................................4,500

Balance in work in process, April 1..................................................................................................................$?26,500

Units started during April......................................................................................................................................100,000

Units completed during April and transferred out tofinished-goods inventory.................................................80,000

Work in process, April 30:

Direct material: 100% complete

Conversion: 33 1 ? 3 % complete

Costs incurred during April:

Direct material..................................................................................................................................................$?198,000

Conversion costs: Direct labor...................................................................................................................................................$52,800

Applied manufacturing overhead................................................................................................................105,600

Total conversion costs.................................................................................................................................$158,400

Answer & Explanation Solved by verified expert
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If opening WIP cost changesFormulas SHeetUnits Charged to production Inventory in Progress April 1Received from materials storeroom Total units accounted for 10000100000 110000 Units to be assigned costs Inventory inProgress April 1 Started and completed in April Transferred toDepartment in April Inventory in process April 30 Total units tobe assigned costs Equivalent Units Whole units Direct MaterialsConversion 10000 0 8000 70000 70000 70000 80000    See Answer
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