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, \"=85\" was entered, the formula would output the result from cell BS, 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 \"=B9+BlO\" 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 \"=SUM(813,Bl4)" 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 \"=SUM(BlB:Bl4)\" 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. Process Costing using the Weighted-Average Method - Excel ? 0 - 5X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A A % Paste BIU . A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles H1 X V fx A B C D E F G H 1 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: W 4 Work in process, July 1: 5 Units in process 300 Percent completed with respect to materials 60% Percent completed with respect to conversion 40% Cost in the beginning inventory: 9 Materials cost $10,500 10 Conversion cost $6,750 11 Units started into production during the period 6,200 12 Costs added to production during the period: 13 Materials cost $330,912 14 Conversion cost $406,408 15 Work in process, July 31: 16 Units in process 450 17 Percent completed with respect to materials 40% 18 Percent completed with respect to conversion 30% 19 20 Use the data to answer the following. 2120 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 3s 37 3a 39 40 41 42 43 44 45 4s 47 48 49 Use the data to answer the following. 1. Compute equivalent units. Mixing Department Equivalent Units of Production Units transferred to the next department Ending work in process: Materials Conversion Equivalent units of production 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit Cost of beginning work in process Cost added during the period Total cost Equivalent units of production Cost per equivalent unit 3. Assign costs. Materials Materials Mixing Department 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 Materials Conversion Conversion Conversion Total