B C D L M E F H J K Req. 2 Enter the data for requirement 2 on page 171 of the textbook in the green data cells on the left of this sheet. what is the cost of the units transferred out? 7 ? ? 7. ? ? ? 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 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 oost 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 19 20 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 26 Units transferred to the next department 27 Equivalent units in ending work in process inventory 28 Materiale 29 Conversion 30 Equivalent units of production 31 32 Casts per Equivalent Unit ? ? Materials Conversion 7 7 ? ? ? 7 Materials Conversion 7 ? 34 Cost of beginning work in process inventory 35 Costs added during the period 36 Total cost Formulas Reg 1 Ch4 ? ? ? ? Page Break Preview Req 2 Ch4 Req3Ch4 + E + 120X B C D E F G . J L M 31 32 Costs per Equivalent Unit Materials Conversion 7 7. ? ? ? > 7 ? ? Materials Conversion Total 7 ? 2 ? ? ? 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 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 42 Ending work in process inventory: 43 Equivalent units 44 Cost per equivalent unit 45 Cost of ending work in process inventory 46 47 Units completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of units transferred out 51 52 Cost Reconciliation 53 Costs to be accounted for: 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 Costs accounted for as follows: 58 Cost of onding work in process inventory 59 Cost of units transferred out 60 Total cost accounted for 61 62 ? ? ? ? . ? ? ? ? ? ? ? ? ? 64 65 66 A Formulas Reg 1 Ch4 Reg 2 Ch4 Req3 Ch4 + + 120% Required: 1. 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 he S152.50 and the cost per equivalent unit for conversion should he $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? 2. Enter the following data from a different company into your worksheet: 200 100% 20% $2,000 5800 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 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 1,800 $18,400 $38,765 100 100% 30% What is the cost of the units transferred out? 3. What happens to the cost of the units transferred out in part (2) above if the percentage completion with respect to conversion for the beginning inventory is changed from 20% to 40% and everything else remains the same? What happens to the cost per equivalent unit for conversion? Explain. B L M E F G H J K Req. 3: Enter 20% in the beginning WIP inventory completion with respect to conversion cell in the data section at the left and keep the rest of the data the same as requirement 2 200 100% What happens to the underapplied or overapplied manufacturing overhead? $2,000 $aca 1,800 Why is it different from from the underapplied or overapplied manufacturning overhead In requirement 27 $18,400 $38,765 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 Costs in the beginning work in process inventory: 9 Materials cast 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials oost 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 19 20 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 26 Units transferred to the next department 27 Equivalent units in ending work in process inventory 28 Materiale 29 Conversion 30 Equivalent units of production 31 32 Costs per Equivalent Unit 100 100% 30% Materials Conversion 7 7 ? ? ? 7 Materials Conversion 7 ? 34 Cost of beginning work in process inventory 35 Costs added during the period 36 Total cost A Formulas Reg 1 Ch4 ? ? ? ? A Reg 2 Ch4 Reg 3 Ch4 + 120% A B C E F G H I K Materials Conversion ? ? ? ? ? ? ? ? ? ? Materials Conversion Total ? ? ? ? ? ? 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 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 42 Ending work in process Inventory: 43 Equivalent units 44 Cost per equivalent unit 45 Cost of ending work in process inventory 46 47 Units completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of units transferred out 51 52 Cost Reconciliation 53 Costs to be accounted for: 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 Costs accounted for as follows: 5B Cost of ending work in process inventory 59 Cost of units transferred out 60 Total cost accounted for 61 62 63 Formulas Reg 1 Ch4 A Reg 2 Ch4 Req3 Ch4 + ? ? ? ? ? ? 2 ? ? ? ? ? ? + 180%