Required information Chapter 4: Applying Excel The Chapter 4 Form worksheet is to be used to create your own worksheet version of Exhibit 4.5 and Exhibit 48 in the text Chapter 4: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks, For example, in cell B34 enter the formula - 89: After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text. Check your worksheet by changing the beginning work in process inventory to 100 units, the units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145,50 If you do not get these answers, find the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. B C D m A S 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory Units in process 200 6 Completion with respect to materials 55% 7 Completion with respect to conversion 30% 8 Costs in the beginning work in process inventory: 9 Materials cost $9,600 10 Conversion cost $5,575 11 Units started into production during the period 5,000 12 Costs added to production during the period: 13 Materials cost $368,600 14 Conversion cost $350,900 15 Ending work in process inventory: 16 Units in process 400 17 Completion with respect to materials 40% 18 Completion with respect to conversion 25% 19 20 Enter a formula into each of the cells marked with a ? below 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 Materials Conversion 26 Units transferred to the next department ? ? 27 Equivalent units in ending work in process inventory: 28 Materials 2 29 Conversion ? 30 Equivalent units of production ? 2 31 32 Costs per Equivalent Unit 33 Materials Conversion 34 Cost of beginning work in process Inventory 2 2 35. Costs added during the period 2 ? 36 Total cost 2 7 37 Equivalent units of production ? 7 38 Cost per equivalent unit 2 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materials Conversion 42 Ending work in process inventory: 43 Equivalent units ? ? 44 Cost per equivalent unit 2 ? 45 Cost of ending work in process inventory 2 ? 47 Units completed and transferred out 48 Units transferred to the next department 2 2 49 Cost per equivalent unit 2 2 ? Total ? 45 D E 2 Total F57 B conversion ? ? 30 Equivalent units of production 31 32 Costs por Equivalent Unit 33 Materials Conversion 2 2 34 Cost of beginning work in process Inventory 2 ? 35 Costs added during the period ? ? 36 Total cost ? 2 37 Equivalent units of production 38 Cost per equivalent unit 2 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materials Conversion 42 Ending work in process inventory 43 Equivalent units ? ? 44 Cost per equivalent unit 2 ? 45 Cost of ending work in process inventory 46 47 Units completed and transferred out 48 Units transferred to the next department ? ? 49 Cost per equivalent unit ? ? 50 Cost of units transferred out 2 2 51 52 Cost Reconciliation 53 Costs to be accounted for 54 Cost of beginning work in process inventory ? 55 Costs added to production during the period 2 56 Total cost be accounted for 9 57 Costs accounted for as follows: 58 Cost of ending work in process inventory 7 59 Cost of units transferred out 2 60 Total cost accounted for ? 61 62 63- ??? 2 2 2
