Question
Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B34 enter the formula = B9.
Download the Applying Excel form and enter formulas in all cells that contain question marks.
For example, in cell B34 enter the formula "= B9".
After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.
Check your worksheet by changing the beginning work in process inventory to 100 units, the 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 properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. If you do not get these answers, find the errors in your worksheet and correct them.
Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2.
Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B34 enter the formula "= B9". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text. Check your worksheet by changing the beginning work in process inventory to 100 units, the 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 properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. 32 Costs per Equivalent Unit \begin{tabular}{|l|l|c|c|} \hline 33 & & Materials & Conversion \\ \hline 34 & Cost of beginning work in process inventory & ? & ? \\ \hline 35 & Costs added during the period & ? & ? \\ \hline 36 & Total cost & ? & ? \\ \hline 37 & Equivalent units of production & ? & ? \\ \hline 38 & Cost per equivalent unit & ? & ? \\ \hline \end{tabular} Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total Ending work in process inventory: 43 Equivalent units Cost per equivalent unit Cost of ending work in process inventory \begin{tabular}{|l|l|} \hline? & ? \\ \hline? & ? \\ \hline? & ? \end{tabular} ? Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out \begin{tabular}{|l|l|} \hline? & ? \\ \hline? & ? \\ \hline? & ? \\ \hline \end{tabular} ? 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 forStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started