A 00 1 Chapter 5: Applying Excel 2 4 100 65% 95% $ 10 $ 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 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 Completion with respect to materials 18 Completion with respect to conversion 2,409 4,668 17,900 $ 649,071 $ 1,480,362 500 17 60 % 40 % (a) What is the equivalent units of production for materials? 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.) Cost per equivalent unit for conversion (e) What is the cost of the units transferred out? Cost of units transferred out (f) 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.) In the weighted average method, the percentage completion of beginning inventory has no effect on the equivalent units of production in the weighted average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit in the weighted average method, the percentage completion of beginning inventory has no effect on the cost of the units transferred out