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Chapter 5: Applying Excel
Data
Beginning work in process inventory:
Units in process	400
Completion with respect to materials	35	%
Completion with respect to conversion	50	%
Costs in the beginning work in process inventory:
Materials cost	$3,972
Conversion cost	$17,961
Units started into production during the period	15,900
Costs added to production during the period:
Materials cost	$442,036
Conversion cost	$1,394,274
Ending work in process inventory:
Units in process	900
Completion with respect to materials	40	%
Completion with respect to conversion	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?

(b) What is the equivalent units of production for conversion?

(c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

(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.)

A

B

C

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Chapter 5: Applying Excel
Data
Beginning work in process inventory:
Units in process	400
Completion with respect to materials	35	%
Completion with respect to conversion	20	%
Costs in the beginning work in process inventory:
Materials cost	$3,972
Conversion cost	$17,961
Units started into production during the period	15,900
Costs added to production during the period:
Materials cost	$442,036
Conversion cost	$1,394,274
Ending work in process inventory:
Units in process	900
Completion with respect to materials	40	%
Completion with respect to conversion	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?

(b) What is the equivalent units of production for conversion?

(c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

(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?

Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.

check all that apply

• In the weighted-average method, the percentage completion of beginning inventory has no effect on the equivalent units of production.unanswered
• In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit.unanswered
• In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost of the units transferred out.