Change all of the numbers in the Data area of your worksheet so that it looks like this:

What is the cost of the units transferred out?

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 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 ? ? Beginning work in process inventory: 200 Units in process Completion with respect to materials 100% Completion with respect to conversion 20% Costs in the beginning work in process inventory: Materials cost $2,000 Conversion cost $800 Units started into production during the period 1,800 Costs added during the period: Materials cost $18,400 Conversion cost $38,765 Ending work in process inventory: Units in process 100 Completion with respect to materials 100% Completion with respect to conversion 30%