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Answer questions 1-8 using the excel. A B 1 WEIGHTED AVERAGE 2 PROCESS COST 3 ******* 4 A B Data Section: Work in process, beginning
Answer questions 1-8 using the excel.
A B 1 WEIGHTED AVERAGE 2 PROCESS COST 3 ******* 4 A B Data Section: Work in process, beginning Units completed during month Work in process, ending Costs to account for: Beginning work in process Current Period Costs Total costs to be accounted for Objective 1- Equivalent units of production: Enter (Cell #) or (Actual Units) Units Transferred Out Add Ending Inventory Equivalent units Obective 2- Costs per equivalent unit: Must use Excel formulas to avoid rounding errors. Total per unit cost (add Formula 7 & 8) PROCESS Current + 5 6 789LLE 10 012345 11 12 13 14 15 16 17 18 111 NNNNNN 12441068 19 20 21 22 23 24 25 26 27 28 29 233 1898N 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Readly C Student Name ********* C D => D Units 60,000 210,000 30,000 ORIGINAL E F E F Percent Percent Materials Conversion 100% 40% 100% 70% Total Materials Conversion $94,800 $23,700 $71,100 750,000 150,000 600,000 Formula 1 $173,700 $671,100 Equivalent units Total Units Materials. Conversion 210,000 Formula 3 Formula 5 30,000 Formula 4 Formula 6 Formula 2 0 0 ======= Materials Conversion Formula 7 Formula 8 Formula 91 G G 211 H 1 5 6 7 8 9 0 1 12 13 14 45 46 47 48 49 50 51 52 53 54 55 56 5678 555555555556 23456 57 58 59 60 61 6/30 62 63 64 65 D Objective 1- Equivalent units of production: Enter (Cell #) or (Actual Units) Units Transferred Out Add Ending Inventory Equivalent units Obective 2- Costs per equivalent unit: Must use Excel formulas to avoid rounding errors. Total per unit cost (add Formula 7 & 8) ********** Objective 3- Cost assignment: Must use Excel formulas to avoid rounding errors. Transferred Out Ending inventory work in process: Materials Conversion Total ending work in process Total costs accounted for (Must equal E21) Journal Entry END 66 Debit B Total Units 210,000 30,000 Formula 2 Credit F Equivalent units Materials Formula 3 Formula 4 0 Materials Formula 7 => Formula 11 Formula 12 G ******.. Conversion Formula 5 Formula 6 0 Conversion Formula 8 Formula 9 Formula 10 0 $0 H QUESTION 1 What are the total costs to be accounted for? QUESTION 2 What are the Objective #1 equivalent units for materials? QUESTION 3 What are the Objective #1 equivalent units for conversion costs? QUESTION 4 What is the Objective #2 cost per equivalent unit for materials? QUESTION 5 What is the Objective #2 cost per equivalent for conversion costs? QUESTION 6 What is the Objective #3 cost assignment for total transferred out? QUESTION 7 What is the Objective #3 cost of materials in the ending inventory? QUESTION 8 What is the Objective #3 conversion cost ending work in process Step by Step Solution
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