Requirement 2: Change all of the numbers in the data area of your worksheet so that it looks like this: A B C 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory: 5 Units in process 100 6 Completion with respect to materials 25 \"it: 7 Completion with respect to conversion 50 \"it: 8 Costs in the beginning work in process inventory: 9 Materials cost $ 352 10 Conversion cost $ 4' 165 11 Units started into production during the period 161% 12 Costs added to production during the period: 13 Materials cost $ 183252 14 Conversion cost 5: 1.332267 15 Ending work in process inventory: 16 Units in process 200 1? Completion with respect to materials 60 \"ii: 18 Completion with respect to conversion 30 \"it: 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? 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? Answer is complete and correct. Equivalent units of production for materials 16, 120 (b) What is the equivalent units of production for conversion? X Answer is complete but not entirely correct. Equivalent units of production for conversion 16,060 X (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Answer is complete and correct. Cost per equivalent unit for materials $ 11.70[o] What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) 0 Answer is complete but not entirely correct. 5 53.210 (e) What is the cost of the units transferred out? (Round your cost per equivalent unit 1.0 2 decimal places.) 0 Answer is complete but not entirely correct. ti 1,515,560 0 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 reter back to this worksheet. Change the percentage completion with respect to conversion for the beginning inventory from 50% to 75%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: A B E Chapter 4: Applying Excel wai-l Change the percentage completion with respect to conversion for the beginning inventory from 50% to 75%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: A B C 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory: 5 Units in process 100 5 Completion with respect to materials 25 3i: ? Completion with respect to conversion ?'5 3i: 8 Costs in the beginning work in process inventory: 9 Materials cost 5 352 1:) Conversion cost $ 4,165- 11 Units started into production during the period 16,100 12 Costs added to production during the period: 13 Materials cost 5 133,252 14 Conversion cost $ 1,332,267 15 Ending work in process inventory: 15 Units in process 200 1? Completion with respect to materials 60 Eli: 18 Completion with respect to conversion 80 Big If your formulas are correct, you should get the correct answers to the following questions. Required information 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? 0 Answer is complete but not entirely correct. | 16.2950 [b] What is the equivalent units of production for conversion? 0 Answer is complete but not entirely correct. | 16.2359 (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) 6 Answer is complete but not entirely correct. | $ 11.556 Required information (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. Cost per equivalent unit for conversion $ 81.81 x (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) Answer is complete but not entirely correct. Cost of units transferred out $ 1,503,096 x (f) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) In the weighted-average method, the percentage completion of beginning inventory has no effect on the equivalent units of production. In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit. In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost of the units transferred out