All calculations should be performed within the cell using cell referencing/formulas

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 unit for materials should now be $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?

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 Maten als cost $9.600 10 Conversion cost $5.575 11 Units started into production during the period 5,000 12 Costs added to production during the period 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 matenals 40% 18 Completion with respect to conversion 25% 19 20 Enter a formula into each of the cells marked with a ? below 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 30 Equivalent units of production ? 7 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 ? 2 38 Cost per equivalent unit 2 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 ? ? 45 Cost of ending work in process inventory ? 7 46 47 Units completed and transferred out. 48 Units transferred to the next department 2 ? 49 Cost per equivalent unit ? ? 50 Cost of units transferred out ? 7 51 52 Cost Reconciliation 53 Costs to be accounted for 54 Cost of beginning work in process inventory 2 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 7 59 Cost of units transferred out ? 60 Total cost accounted for ? HHL Chapter 4 Form Chapter 4 Formu Chapte