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"-35" was entered the formula would output the result from cell B5, 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+B10" 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(B13,814)" 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(B13:B14)" was entered the formula would output the same result of adding those cells, except they are exiressed as a range in the formula, and the result would be 737,320 in this example B5 7 5 X Process Costing using the Weighted Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign Calibri AA Be Paste BTW A- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cloboard Font B26 D E . 5 6 B A 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: Units in process 300 Percent completed with respect to materials 60% Percent completed with respect to conversion 40% 8 Cost in the beginning inventory 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: 12 Materiale cu 1912 2 9 ? - 5 X Process Costing using the weighted Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign In % Calibri - 11 A % Paste BIU DA Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font B26 fixe v A D E > B 6,200 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Work in process, July 31: 16 Units in process 17 Percent completed with respect to materials 18 Percent completed with respect to conversion $330,912 $406,408 450 40% 30% 19 Conversion 20 Use the data to answer the following. 21 22 1. Compute equivalent units. 23 Mixing Department 24 Equivalent Units of Production 25 Materials 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 Sheet1 4 READY Attempt(s) EN 100% 1/3 Hint 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"-35" was entered the formula would output the result from cell B5, 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+B10" 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(B13,814)" 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(B13:B14)" was entered the formula would output the same result of adding those cells, except they are exiressed as a range in the formula, and the result would be 737,320 in this example B5 7 5 X Process Costing using the Weighted Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign Calibri AA Be Paste BTW A- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cloboard Font B26 D E . 5 6 B A 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: Units in process 300 Percent completed with respect to materials 60% Percent completed with respect to conversion 40% 8 Cost in the beginning inventory 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: 12 Materiale cu 1912 2 9 ? - 5 X Process Costing using the weighted Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign In % Calibri - 11 A % Paste BIU DA Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font B26 fixe v A D E > B 6,200 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Work in process, July 31: 16 Units in process 17 Percent completed with respect to materials 18 Percent completed with respect to conversion $330,912 $406,408 450 40% 30% 19 Conversion 20 Use the data to answer the following. 21 22 1. Compute equivalent units. 23 Mixing Department 24 Equivalent Units of Production 25 Materials 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 Sheet1 4 READY Attempt(s) EN 100% 1/3 Hint