A B C Name: 200 55% 30% 1 Chapter 4: Applying Excel 2 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 10 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 17 Completion with respect to materials 18 Completion with respect to conversion 19 Formulas A Req 1 Ch4 $9,600 $5,575 5,000 $368,600 $350,900 400 40% 25% A Req 2 Ch4 Reg 3 Ch4 + D E F . M N Copy Formulas B C 19 20 Enter a formula into each of the green calls marked with a 7 below. Once complete use the "Copy Formula button. 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 MAGA Conversion 26 Unts transferred to the next department 7 7 27 Equivalent units n encing work in process inventory 28 Materials ? ? 29 Conversion 30 Equalent units of production 7 31 32 Casts per Equivalent 33 Matcrals Conversion 34 Cost of beginning work in process nventory ? ? 35 Costa added during the period ? ? 36 Talal ? ? 37 Equivalent units of pruuuutun ? ? ? 2 2 38 st ger equivalent un 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materals Conversion 42 Ending work in process inventory 7 ? 43 Equivalent unta 7 7 44 Cast perccuivalent unit 45 Cost of oncing work in process inventory 2 46 47 Uhis completed and transferred out: 48 Unta transferred to the next department 7 ? 49 Cost per sguivalent unit ? 50 Cost of units transferred out ? 2 51 52 Cast ReconciWeroni 53 Costs to be accunted for 54 Cost of beginning work in process Inventory 55 Costs added to production during the period ? 56 Total cuello be counted for 57 Costs accounted for as folows: 58 Cool of encing work in process inventory ? 59 Cost of unit fransferred out ? 60 Total cost accounted for 7 61 Total . ? 2 Formulas Roq 1 Ch4 Req 2 Ch4 Req 3 Ch4 + B C L M i Chapter 4: Applying Excel D G Req. 1: Enter 100 for the beginning units in process, 2,500 units started into production during the month, and 200 for the ending units in process. If your formulas are correct the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. If not, go back to the formulas page, make corrections, press the copy formulas button and rocheck your answers until they are correct. When correct, answer the questions below 2 55% 30% How much is the total cost of the units transferred out? $9,800 $5,575 ? $388,600 $250,90 Did it change? Why or why not? ? 40% 26% 3 Data 4 Beginning work in process inventory: S Units in process Completion with respect to materials 7 Completion with respect to conversion B Coels in the beginning work in process inventory: 9 Materials cost 10 Conversion at 11 Units started into production during the period 12 Coets added to production during the period: 13 Materials cost 14 Conversion COGI 15 Ending work in process inventory 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion 19 20 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 26 Unils transferred to the next department 27 Equivalent units in ending work in process inventory: 28 Materials 29 Conversion 30 Equivalent units of produstan 31 32 Costs per Equivalent Unit 33 34 Coat of beginning work in process inventory 35 Costs added during the period 36 Total cost 37 Equivalent units of production 38 Cost per equivalent unit Formulas Reg 1 Ch4 Reg 2 Ch4 Materiale Conversion ? ? ? ? 2 7 Materials Corrversion ? 7 ? 7. ? ? ? ? 7 7 Rog 3 Ch4 + A B E F G H J Materials Conversion Total ? ? 2 ? ? ? ? ? ? ? ? ? ? ? 40 Costs of Ending Work In Process Inventory and the Units Transferred Out 41 42 Ending work in process inventory 43 Equivalent units 44 Cost per equivalent unit 45 Cost of ending work in process inventory 46 47 Units completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of units transferred out 51 52 Cost Reconciliation 53 Costs to be accounted for 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 Costs accounted for as follows: 58 Cost of ending work in process inventory 59 Cost of units transferred out 60 Total cost accounted for 61 62 63 64 ? ? 7 ? ? 7. 65 66 67 68 70 71 Formulas Reg 1 Ch4 A Reg 2 Ch4 Roq 3 Ch4 + B Req. 2 Enter the data for requirement 2 on page 171 of the textbook in the green data cells on the left of this sheet what is the cost of the units transferred out? 2 7 ? 7 ? 2 ? 2 ? ? ? 1 Chapter 4: Applying Excel 2 3 Date 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materiais 7 Corplelion with respect to conversion 8 Casts in the beginning work in process inventary 9 Materials cost 10 Conversion aus! 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 procese inventory 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion 19 20 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 26 Unts transferred to the next department 27 Equivalent unis in ending work in process inventory: 28 Material 29 Conversion 30 Equivalent units of production 31 Costs per Equivalent Unit 33 34 Cost of beginning work in procese inventory 35 Casts added during the period 36 Total cost 37 Equivalent units of production 38 Cost per equivalent unt Formulas A Reg 1 Ch4 Reg 2 Ch4 Materials Conversion ? ? 2 2 ? ? ? Mataras Conversion ? 7 ? ? ? ? ? 2 ? A Req 3 Ch4 + A B C D E F Materials Conversion Total ? ? 2 ? ? ? ? ? ? ? ? ? ? ? 40 Costs of Ending Work In Process Inventory and the Units Transferred Out 41 42 nding work in process inventory: 43 Equivalent units 44 Cost per equivalent unit 45 Cost of ending work in process inventory 46 47 nits completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of units transferred out 51 52 Cost Reconciliation 53 osts to be accounted for: 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 osts accounted for as follows: 58 Cost of ending work in process inventory 59 Cost of units transferred out 60 Total cost accounted for 61 62 63 64 65 66 ? ? ? ? ? ? 67 Formulas A Reg 1 Ch4 Reg 2 Ch4 A Reg 3 Ch4 + Corte added to A B D 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory 5 Units in process 200 6 Completion with respect to materials 55% 7 Completion with respect to conversion 30% 8 Costs in the beginning work in process inventory 9 Materials cost $9.600 10 Conversion cost $5.575 tud 5,000 13 Materials cost $368,600 14 Conversion cost $350,900 15 Ending work in process inventory 16 Units in process 400 17 Completion with respect to materials 40% 18 Completion with respect to conversion 25% 19 19 20 Enter a formula into each of the cells marked with a ? below 21 21 22 Weighted-Average method: 23 24 Equivalent Units of Production 25 Materials Conversion 26 Units transferred to the next department ? ? 27 Ending work in process inventory 28 Materials ? 29 Conversion 2 30 Equivalent units of production ? ? 31 32 Costs per Equivalent Unit 33 Materials Conversion 34 Cost of beginning work in process inventory ? 35 Costs added during the period ? ? 36 Total cost ? ? 37 Equivalent units of production ? ? 38 Cost per equivalent unit ? 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materials Conversion Total 42 Ending work in process inventory 43 Equivalent units of production ? 2 44 Cost per equivalent unit ? 2 45 Cost of ending work in process inventory ? 2 As 47 Units completed and transferred out 48 Units transferred to the next department ? ? 49 Cost per equivalent unit ? ? 50 Cost of units transferred out ? ? 51 31 52 Cost Reconciliation 53 Costs to be accounted for 54 Cost of beginning work in process inventory ? 55 Costs added to production during the period 56 Total cost to be accounted for ? 57 Costs accounted for as follows: 58 Cost of ending work in process inventory ? 59 Cost of units transferred out ? 60 Total cost accounted for ? NEM Chapter 4 Form Chapter 4 Formulas Chapte! ? 2 46 2 PL Required: 1. Check your worksheet by changing the beginning work in process inventory to 100 units, the units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent for materials should now he $152.50 and the cost per equivalent unit for conversion should be $145.50. If you do not get these answers, find the errors in your worksheet and correct them. How much is the total cost of the units transferred out? Did it change? Why or why not? 2. Enter the following data from a different company into your worksheet: 200 100% 20% Beginning work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory: Materials cost Conversion cost Units started into production during the period Costs added during the period: Materials cost Conversion cost Ending work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion $2,000 $800 1,800 $18,400 $38,765 100 100% 30% What is the cost of the units transferred out? 3. What happens to the cost of the units transferred out in part (2) above i the percentage completion with respect to conversion for the beginning inventory is changed from 20% to 40% and everything else remains the same? What happens to the cost per equivalent unit for conversion? Explain. B G H Req. 3: Enter 20% in the beginning WIP inventory completion with respect to conversion cell in the data section at the left and keep the rest of the data the same as requirement 2. What happens to the underapplied or averapplied manufacturing overhead? 200 100% ? $2,000 SACO 1,800 Why is it different from from the underapplied or overapplied manufacturning overhead in requirement 2? $18.400 $38 785 100 100% 30% 1 Chapter 4: Applying Excel 2 3 Date 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Corplelion with respect to conversion 8 Casts in the beginning work in process inventary 9 Materials coat 10 Conversion aus! 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 procese inventory 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion 19 20 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 26 Unts transferred to the next department 27 Equivalent unis in ending work in process inventory: 28 Material 29 Conversion 30 Equivalent units of production 31 Costs per Equivalent Unit 33 34 Cost of beginning work in procese inventory 35 Casts added during the period 36 Total cost 37 Equivalent unts of production 38 Cost per equivalent unt Formulas A Reg 1 Ch4 A Reg 2 Ch4 Materials Conversion ? ? 2 2 ? ? ? Materials Conversion ? 7 ? ? ? ? ? ? ? Reg 3 Ch 4 + A B C D E F G Materials Conversion Total ? ? ? ? ? ? 7 ? 7 ? ? ? ? ? 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 42 Ending work in process inventory: 43 Equivalent units 44 Cost per equivalent unit 45 Cost of ending work in process inventory 46 47 Units completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of units transferred out 51 52 Cost Reconciliation 53 Costs to be accounted for: 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 Costs accounted for as follows: 58 Cost of ending work in process inventory 59 Cost of units transferred out 60 Total cost accounted for 61 62 63 64 65 66 67 68 69 ? ? ? ? ? ? A Formulas A Reg 1 Ch4 Reg 2 Ch4 Rog 3 Ch 4 +