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Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory: Materials cost Conversion cost Units started into production during the period Costs added to production during the period: Materials cost Conversion cost Ending work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion 400 50% 50% $2,680 $12,293 18,700 250,419 1,154,554 700 90% 30% Enter a formula into each of the cells marked with a ? below Weighted Average method: Equivalent Units of Production Materials Units transferred to the next department Ending work in process inventory: Materials Conversion Equivalent units of production Conversion ? ? ? ? ? ? Costs per Equivalent Unit Materials Cost of beginning work in process inventory Costs added during the period Total cost Equivalent units of production Cost per equivalent unit Conversion ? ? ? ? ? ? ? ? ? ? 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 What is the equivalent units of production for materials? What is the equivalent units of production for conversion? What is the cost per equivalent unit for materils? What is the cost of the units transferred out? ? ? ? ? ? nsferred Out Total ? ? Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory: Materials cost Conversion cost Units started into production during the period Costs added to production during the period: Materials cost Conversion cost Ending work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion 400 50% 70% $2,680 $12,293 18,700 250,419 1,154,554 700 90% 30% Enter a formula into each of the cells marked with a ? below Weighted Average method: Equivalent Units of Production Materials Units transferred to the next department Ending work in process inventory: Materials Conversion Equivalent units of production Conversion ? ? ? ? ? ? Costs per Equivalent Unit Materials Cost of beginning work in process inventory Costs added during the period Total cost Equivalent units of production Cost per equivalent unit Conversion ? ? ? ? ? ? ? ? ? ? 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 ? ? ? ? ? What is the equivalent units of production for materials? What is the equivalent units of production for conversion What is the cost per equivalent unit for materials? What is the cost per equivalent unit for conversion? What is the cost of the units transferred out? Which of the following statements are true? - Select all that apply In the weighted-average method, the percentage completion of beginning inventory has no effect on the equivalent units of In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalen age, the percentage completion of beginning inventory has no effect on the cost of the units transferred out. nsferred Out Total ? ? apply ry has no effect on the equivalent units of production ry has no effect on the cost per equivalent unit ansferred out