B 200 55% 30% 7 8 A 1 Process Costing 2 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials Completion with respect to conversion 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 $9,600 $5,575 5,000 $368,600 $350,900 400 40% 25% 19 20 Enter a formula into each of the cells marked with a ? below 21 22 Weighted Average method: 23 Conversion ? 24 Equivalent Units of Production 25 Materials 26 Units transferred to the next department ? 27 Equivalent units in ending work in process inventory: 28 Materials ? 29 Conversion 30 Equivalent units of production ? ? ? 31 wwww 32 Costs per Equivalent Unit 33 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 Materials ? ? ? Conversion ? ? ? Il c. ? ? ? 10 Costs of Ending Work in Process Inventory and the Units Transferred Out -1 Materials Conversion Total 2 Ending work in process inventory: 13 Equivalent units ? 14 Cost per equivalent unit ? ? 15 Cost of ending work in process inventory ? 7 Units completed and transferred out: 18 Units transferred to the next department ? 19 Cost per equivalent unit ? ? Cost of units transferred out ? ? ? ? 16 ? ? ? ? 2 Cost Reconciliation 3 Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period 66 Total cost to be accounted for 7 Costs accounted for as follows: 8 Cost of ending work in process inventory Cost of units transferred out 60 Total cost accounted for 51 ? -9