B Nam 200 55% 30% 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 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 19 $9,600 $5,575 5,000 $368,600 $350,900 400 40% 25% Formulas Req 1 Ch4 Reg 2 Ch4 Req 3 Ch4 + D E F G H L M ? Copy Formulas Total 20 Enter a formula into each of the green cells marked with a ? below. Once complete use the "Copy Formula' button. 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 Materials Conversion 26 Units transferred to the next department 27 Equivalent units in onding work in process inventory 28 Materials ? 29 Conversion ? 30 Equivalent units of production ? 31 32 Costs per Equivalent Unit Materiais Conversion 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 unk ? ? 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materials Conversion 42 Ending work in process inventory: 43 Equivalent units ? 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 ? 49 Cost per equivalent unit 50 Cost of units transferred out ? 2 51 52 Cost Reconciation 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 7 57 Costs accounted for as follows: 58 Cost of ending work in process inventory ? 59 Cost of units transferred out ? 60 Total cost accounted for 7 61 62 Formulas Req 1 Ch4 Reg 2 Ch4 Req 3 Ch4 + ? ? 2 ? ? ? ? . BS A B C F J 1 Chapter 4: Applying Excel 2 I K Req. 1: Enter 100 for the beginning units in process, 2,500 units started into production during the month, and 200 for the ending units in process. If your formulas are correct 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 not, go back to the formulas page, make corrections, press the copy formulas button, and recheck you answers until they are correct. When correct, answer the questions below. 7 55% 30% How much is the total cost of the units transferred out? $9,600 $5,575 7 ? $368,600 $350,900 Did It change? Why or why not? 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 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 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 Materials 29 Conversion 30 Equivalent units of production 31 32 Costs per Equivalent Unit ? 40% 25% Materials Conversion ? ? ? ? ? 7 Formulas Reg 1 Ch4 Reg 2 Ch4 Reg 3 Ch4 + + 180% A B C E F G H I J K Materials Conversion ? ? ? ? ? ? ? ? 7 7. Materials Conversion Total ? ? 2 ? ? 7 2 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: 58 Cost of ending work in process inventory 59 Cost of units transferred out G0 Total cost accounted for 61 62 63 Formulas Reg 1 Ch4 A Reg 2 Ch4 A Req3Ch4 + ? ? ? ? 7 2 ? ? ? ? ? ? + 130%