all answers must be written in a formula
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 Mothod - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign in Calibri 11 M Paste BIU- C: - Cells Editing - Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font 3 5 v Hayword, Inc. uses weighted average costing and has two departments - mixing A D E Hayword, 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; 4 Work in process, July 1: Units in process 300 6 Percent completed with respect to materials 60% Percent completed with respect to conversion 40% 8 Cost in the beginning inventory Materials cost $10,500 Conversion cost $6,750 11 Units started into production during the period 6,200 12 Costs added to production during the period: 13 Materials cost $332,150 14 Conversion cost $407,645 15 Work in process, July 31: Units in process 450 7. 9 10 16 Font Styles A1 fax Hayword, Inc. uses weighted average costing and has two departments - mixing A B D E C 22 1. Compute equivalent units. 23 Mixing Department 24 Equivalent Units of Production 25 Materials Conversion 26 Units 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 Cost 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 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion Sheet1 43 44 Total 100% READY Attempt(s) Hint Show Me Clipboard Font Styles fe Hayword, Inc. uses weighted average costing and has two departments - mixing D E - 44 45 Total Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion 46 Ending work in process inventory: 47 Equivalent units of production 48 Cost per equivalent unit 49 Cost of ending work in process inventory 50 51 Units completed and transferred out: 52 Units transferred to the next department 53 Cost per equivalent unit 54 Cost of units transferred out 55 56 4. Prepare reconciliation 57 Mixing Department 58 Cost Reconciliation 59 Costs to be accounted for: 60 Cost of beginning work in process inventory 61 Costs added to production during the period 62 Total cost to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process inventory 65 Cost of units transferred out 66 Total cost accounted for 67 Sheet1 LI READY Attempt(s) 100% Show Me Hint
