A

B

C

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

Chapter 4: Applying Excel
Data
Beginning work in process inventory:
Units in process	800
Completion with respect to materials	25	%
Completion with respect to conversion	25	%
Costs in the beginning work in process inventory:
Materials cost	$4,030
Conversion cost	$17,347
Units started into production during the period	19,000
Costs added to production during the period:
Materials cost	$381,170
Conversion cost	$1,649,333
Ending work in process inventory:
Units in process	600
Completion with respect to materials	10	%
Completion with respect to conversion	30	%

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.)

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 5%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this:

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.)

(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.)

check all that apply

• 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.