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I think I have all parts done I just need help with the excel formulas on question 5 Moravia Company processes and packages cream cheese.
I think I have all parts done I just need help with the excel formulas on question 5
Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. Work In process, Aprll 110,000 unlts: Dlrect material: 100% complete, cost of Converslon: 20% complete, cost of . Balance In work In process, Aprll 1 Unlts started durlng Aprll Unlts completed dunng Aprll and transferred out to nnlsned-goods Inventory Work In process, Aprll 30: Dlrect materlal: 100% complete Converslon: 3316% complete Costs Incurred dunng Aprll: Dlrect material Converslon costs Dlrect labor Applled manufactunng overhead Total converslon costs . s 22,000 4,500 26,500 100,000 80,000 $198,000 s 52,800 105,600 $158,400 Requlred: Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted-average method of process costing. 1. 2. 3. 4. 5. Analysis of physical flow of units. Calculation of equivalent units. Computation of unit costs. Analysis of total costs. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the April 1 work-in-process costs were $66,000 for direct material and S 18,000 for conversion.
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