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.

200 55% 30% 1 Chapter 5: Applying Excel 2 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion Costs in the beginning work in process inventory: 9 Materials cost 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Ending work in process inventory: 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion $9,600 $5,575 5,000 $368,600 $350,900 400 40% 25% 19 20 Enter a formula into each of the cells marked with a ? below 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 Materials Conversion 26 Units transferred to the next department ? ? 27 Equivalent units in ending work in process inventory: 28 Materials ? 29 Conversion ? 30 Equivalent units of production ? ? 31 32 Costs per Equivalent Unit 33 Materials Conversion 34 Cost of beginning work in process inventory ? ? 35 Costs added during the period ? ? 36 Total cost ? ? 37 Equivalent units of production ? 38 Cost per equivalent unit ? ? 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materials Conversion Total 42 Ending work in process inventory: 43 Equivalent units ? ? 44 Cost per equivalent unit ? ? 45 Cost of ending work in process inventory ? 46 ? ? ? ? ? ? ? ? ? ? ? ? ? 45 Cost of ending work in process inventory 46 47 Units completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of units transferred out 51 52 Cost Reconciliation 53 Costs to be accounted for: 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 Costs accounted for as follows: 58 Cost of ending work in process inventory 59 Cost of units transferred out 60 Total cost accounted for