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.

The answers must be in excel formula format EX: (B3+B4) for the yellow highlighted cells.

Served E39 A B C D E 6 1 Hayword, Inc. uses weighted average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July 3 4 Work in process, July 1: S Units in process 300 609 Percent completed with respect to materials 7 4096 Percent completed with respect to conversion 8 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 19 20 Use the data to answer the following 21 22 1. Compute equivalent units Mixing Department 24 Equivalent Units of Production Sheet1 30% READY + 100% Prev 1 of 1 Next ... 30 v AS hul 90 888 DU FT 40 77 F4 F5 F6 FA % 5 3 > > 1 Saved E39 A B D E 23 Mixing Department 24 Equivalent Units of Production 25 Materials Conversion 26 Units transferred to the next department 27 Ending work in process: 28 Materials 29 Conversion 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 Mixing Department 34 Cost per Equivalent Unit 35 Materials Conversion 36 Cost of beginning work in process 37 Cost added during the period 38 Total cost 39 Equivalent units of production 40 Cost per equivalent unit 41 42 3. Assign costs Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion 46 Ending work in process inventory Sheet1 GE Total READY BIE 100% Prev 1 of 1 ::: Next > 30 ety A hulu 80 F3 DW F4 F5 09 F2 F6 8 $ A % 5 3 1 Saved 739 D E Total B 43 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion 46 Ending work in process inventory: 47 Equivalent units of production 45 Cost per equivalent unit 49 Cost of ending work in process inventory 50 51 Units completed and transferred out: 52 Units transferred to the next department 53 Cost per equivalent unit 54 Cost of units transferred out SS 36 4. Prepare reconciliation Mixing Department 58 Cost Reconciliation 59 Costs to be accounted for 60 Cost of beginning work in process inventory 61 Costs added to production during the period 62 Total cost to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process inventory 65 Cost of units transferred out 66 Total cost accounted for Sheet1 ... SI READY 100% Prev 1 of 1 Next ... 30 etv A hulu 8 2 90 F3 40 DIDO OOO 14 DD FS 52 FE * A 2 3 $ 4 % 5 6 & 7 8 9