Hayword, Inc. uses weighted$-$average costing and has two departments and has provided data related to its mixing department for the month of

July. The Controller has asked you prepare a cost reconciliation report and provide the related computations. Use the information included in the

Excel Simulation and the Excel functions described below to complete the task.

Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, $"=B5"$ was

entered, the formula would output the result from cell B$5,$ or $300$ in this example.

Basic Math functions: Allows 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$).$ From the Excel Simulation below, if in

a blank cell $"=$B$9+$B$10"$ was entered, the formula would add the values from those cells and output the result, or $17,250$ in this example. If

using the other math symbols the result would output an appropriate answer for its function.

SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this

function. From the Excel Simulation below, if in a blank cell $"\frac{?}{S}=UM(B13,B14)"$ was entered, the formula would output the result of adding

those two separate cells, or $737,320$ in this example. Similarly, if in a blank cell $"\frac{?}{S}=UM(B13$:$B14)"$ was entered, the formula would output the

same result of adding those cells, except they are expressed as a range in the formula, and the result would be $737,320$ in this example.

Hayword, Inc. uses weighted$-$average costing and has two departments$-$mixing and packaging.

The following information relates to work in the mixing department for the month of July:

Work in process, July $1$ :

Units in process

$300$

Percent completed with respect to materials

$60\%$

Percent completed with respect to conversion

$40\%$

Cost in the beginning inventory:

Materials cost

Conversion cost

$$10,500$

Units started into production during the period

$$6,750$

Costs added to production during the period:

Use the data to answer the following.

Compute equivalent units.

Mixing Department

$24$

Equivalent Units of Production

Mixing Department

Equivalent Units of Production

Conversion

Units transferred to the next department

Ending work in process:

Materials

Conversion

Equivalent units of production

Compute cost per equivalent unit.

Mixing Department

Cost per Equivalent Unit

Materials Conversion

Cost of beginning work in process

Cost added during the period

Total cost

Equivalent units of production

Cost per equivalent unit

Assign costs.

Mixing Department

Costs of Ending Work in Process Inventory and the Units Transferred Out

Conversion

Total

Ending work in process inventory:

Costs of Ending Work in Process Inventory and the Units Transferred Out

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

Prepare reconciliation.

Mixing Department

$58$ 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