(d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) I he Chapter 4 form worksheet is to be used to create your own worksheet version of txhibil 4 b and 5x hibit 4.8 in the text. Requirement 2: Change all of the numbers in the data area of your worksheet so that it looks. like this: (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) (f) Which of the following statements are true? (You may select more than one onswer. Single click the box with the question mork to produce o check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be outomatically graded as incorrect.) EXHIBIT 4-5 Shaping and Milling Department Production Data for May We always assume that units transferred out of a department are 100% complete with respect to the processing done in that department. Required information The Chapter 4 Form worksheet is to be used to create your own worksheet version of Exhihit 45 and text. in the Downlood the Applying Excel form and enter formulas in all cells thot contain question morks. For example, in cell B34 enter the formula * B9* Atter entering formulas in all of the cells that contained question marks, venty that the dollar amounts match the example in the text. Check your worksheet by changing the beginning work in process inventory to 100 units, lise units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example if your worksheet is operating properily, the cost per equivalent unit for materials should now be $15250 and the cost per equivalent unit for conversion stiould be $14550. If you do not get these answers. find the errors in your worksheet and correct them. Sove your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Sove." You will use this worksheet to answer the questions in Port 2. If your formulas are correct, you should get the correct answers to the following questions. (a) What is the equivalent units of production for materials? (b) What is the equivalent units of production for conversion? (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) EXHIBIT 4-8 Shaping and Milling Department Cost Data for May Change the percentage completion with respect to conversion for the beginning inventory from 40% to 70%, but keep everything the same as in Requirement 2 . The data area of your worksheet should now look like this: If your formulas are correct, you should get the correct answers to the following questions. (a) What is the equivalent units of production for materials? (b) What is the equivalent units of production for conversion? (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) (f) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mork for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be outomatically graded as incorrect.)
