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. Here are some tips for using Excel:

• Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered =B5 into a blank cell, the formula would output the value from cell B5.
• Basic Math Functions: Allow 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). For example, if you entered =B4+B5 in a blank cell, the formula would add the values from those cells and output the result.
• SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered =SUM(C4,C5,C6) into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered =SUM(C4:C6), the formula would output the same result of adding those cells.

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