Chapter 4 Form Chapter 4: Applying Excel Data Beginning work in process inventory: 200 Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory 55% 30% $9.600 Materials cost $5,575 Conversion cost Units started into production during the period Costs added to production during the period: 5,000 Materials cost $368,600 Conversion cost $350,900 Ending work in process inventory: Units in process 400 Completion with respect to materials 40% Completion with respect to conversion 25% Enter a formula into each of the cells marked with a ? below Weighted Average method: of Production Equivalent Units Conversion Materials Units transferred to the next department Equivalent units in ending work in process inventory: Materials Conversion Equivalent units of production Costs per Equivalent Unit Conversion Materials Cost of beginning work in process inventory Costs added during the period Total cost ? 2 ? Equivalent units of production Ceeleoreauialeetait Chapter 4 Form Costs per Equivalent Unit Conversion Materials Cost of beginning work in process inventory Costs added during the period ? ? Total cost Equivalent units of production Cost per equivalent unit ? Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units Cost per equivalent unit Cost of ending work in process inventory ? 7 Units completed and transferred out Units transferred to the next department Cost per equivalent unit Cost of units transferred out Cost Reconciliation Costs to be accounted for Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory 7 7 Cost of units transferred out Total cost accounted for