1. Compute the equivalent units of production using the weighted average method. 2. Compute the cost per equivalent unit using the weighted-average method. 3. Assign costs to units using the weighted average method. 4. Prepare a cost reconciliation report. - Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign In Calibri -AA Paste BIU Cells Alignment Number Conditional Format as Cell Formatting" Table Styles Styles Clipboard Font B26 B E D 1 tayword, Inc. uses weighted average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 8 Cost in the beginning inventory 9 Materials cost $10,500 10 Conversion cost $6,750 11 Units started into production during the period 6,200 12 Posts added to production during the period: 13 Materials cost $332,150 14 Conversion cost $407,645 15 Work in process, July 31: 16 Units in process 450 17 Percent completed with respect to materials 40% 18 Percent completed with respect to conversion 30% 19 20 Jse the data to answer the following 21 22 1. Compute equivalent units. 23 Miving Denartment A B c D E 22 1. Compute equivalent units. 23 Mixing Department 24 Equivalent Units of Production 25 Materials Conversion 26 Jnits transferred to the next department 27 Ending work in process: 28 Materials 29 Conversion 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 Mixing Department 34 Cost per Equivalent Unit 35 Materials Conversion 36 Dost of beginning work in process 37 Cost added during the period 38 Total cost 39 Equivalent units of production 40 Cost per equivalent unit 41 42 3. Assign costs. 43 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion Sheet1 Total READY 100% Attempt(s) 2/3 Hint