Requirement 2: Change all of the numbers in the data area of your worksheet so that it looks like this: A 1 Chapter 4: Applying Excel 2 3 Data B C 5 Units in process 6 4 Beginning work in process inventory: Completion with respect to materials 7 Completion with respect to conversion 300 20% 45% 68 Costs in the beginning work in process inventory: 9 Materials cost $ 1,424 10 Conversion cost $ 9,934 11 Units started into production during the period. 14,600 12 13 14 Costs added to production during the period: Materials cost Conversion cost $ 342,322 $ 1,064,594 15 Ending work in process inventory: 16 Units in process 17 Completion with respect to materials 700 70 % 18 Completion with respect to conversion 80 % If your formulas are correct, you should get the correct answers to the following questions. (a) What is the equivalent units of production for materials? es (a) What is the equivalent units of production for materials? Equivalent units of production for materials (b) What is the equivalent units of production for conversion? Equivalent units of production for conversion (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit for conversion (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) Cost of units transferred out Requirement 3: Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer back to this worksheet. Change the percentage completion with respect to conversion for the beginning inventory from 45% to 75%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: A Chapter 4: Applying Excel B C