Computing Process Costs Using the Weighted-Average Method Hayword, Inc uses weighied-average costing and has two departments and has provided data related to its mbing department for the month of July The Controller has asked you prepare a cost reconcillation report and provide the related computations Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet If you entered =85 into a blank cell, the formula would output the value from cell BS. - Bosic Moth Functions: Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add) - (minus sign to subtract), "(asterisk sign to multiply), and / (forward slash to divide), for example, if you entered =84+85 in a blank cell, the formula would add the values from those cells and output the result. - SuM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6) into a blank cell, the formula would output the result of adding those three separate cells. Similarly. if you entered "=SUM (C4.C6) ", the formula would output the same result of adding those cells 1. Use the Open Excel in New Tab button to launch this question 2 When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect the following information relates to work in the mixing department for the month of July: 1 Comnuta enuivalent units. \begin{tabular}{l} Mixing Department \\ \hline Costs per Equivalent Unit \\ \hline Cost of beginning work in process inventory \\ Costs added during the period \\ Total cost \\ Equivalent units of production \\ Cost per equivalent unit \end{tabular} Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Ending work in process inventory: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory 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 Cost of units transferred out Total cost accounted for