Chapter 20 Using Excel P20-46 Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for the month of August 2018: Units Costs Beginning Work-in-Process Inventory Started in Production in August Total to Account For Completed and Transferred to Packaging Department during August 26,000 26,000 21,000 54,000 * 54,000 Ending Work-in-Process Inventory, 30% complete for direct materials and 60% complete for conversion costs. Total Accounted For 5,000 26,000 54,000 * Includes $18,000 direct materials and $36,000 conversion costs. Requirements Complete a production cost report for the Malting Department for the month of August 2018 to determine the cost of the units completed and transferred out, and the cost of the ending Work-in-Process Inventory. Assume Salish Craft Beers uses the weighted average method. Excel Skills 1. 2. 3. 4. Enter numbers into Create formulas. Format the cells requiring dollar signs. Format the cells requiring a single underline and cells requiring double underlines