I need the answers in Excel Formula form, please. Not just the answer itself, but with the computations you got to get there. thank you :)
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 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(B13:814) 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. FILE HOME INSERT X Calibri 11 Paste Process Costing using the Weighted Average Method - Excel 2 PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in A A % SA Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Styles fa Hayword, Inc. uses weighted-average costing and has two departments - mixing B TU- Clipboard . Font A1 B D E $10,500 $6,750 6,200 8 Cost in the beginning inventory: 9 Materials cost 10 Conversion cost 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 19 20 Use the data to answer the following. 21 22 1. Compute equivalent units. $330,912 $406,408 450 40% 30% 22 1. Compute equivalent units. 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. 43 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion Sheet1 44 Total B c D Total 42 3. Assign costs. 43 Mixing Department 44 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 48 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 55 56 4. Prepare reconciliation. 57 Mixing Department 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 Sheet1 58 B A 47 Equivalent units of production 48 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 55 56 4. Prepare reconciliation. 57 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 67 Saved 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: 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 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 40% Percent completed with respect to materials Percent completed with respect to conversion 19 20 Use the data to answer the following. 17 450 18 30% 21 22 1. Compute equivalent units. 23 Mixing Department
