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a) Equivalent unit of material = 15800+600*10% = 15860 b) Equivalent unit of conversion = 15800+600*40% = 16040 c) Cost per equivalent unit of material
a) Equivalent unit of material = 15800+600*10% = 15860
b) Equivalent unit of conversion = 15800+600*40% = 16040
c) Cost per equivalent unit of material = (1845+554841)/15860 = 35.10
d) ??
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 conversion for the beginning inventory from 60% to 45%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: B 1 Chapter 4: Applying Excel 2 3 Data 4 5 6 100 50 % 45 % 7 8 9 S 1,845 4.789 $ 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 to production 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 10 11 12 13 14 15.300 $ 554,841 $ 1.247,935 15 16 17 18 600 10% 40 % (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) Cost of 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 bones 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 outStep by Step Solution
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