Requirement 2: Change all of the numbers in the data area of your worksheet so that it looks lik 100 50 % 60% 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 Costs in the beginning work in process inventory 9 Materials cost Conversion cost 10 11 Units started into production during the period 12 Costs added to production during the period: Materials cost 13 Conversion cost 14 Ending work in process inventory 15 Units in process 16 Completion with respect to materials 17 Completion with respect to conversion 18 S S 1,845 4.789 16.300 $ 554,841 $ 1.247.935 600 10% 40% (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: back to this worksheet. Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer Change the percentage completion with respect to conversion for the beginning inventory from 60% to 45%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: A B Chapter 4: Applying Excel 1 2 3 4 100 5 6 7 8 50% 45 % S $ Data Beginning work in process inventory Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory Materials cost Conversion cost Units started into production during the period Costs added to production during the period Materials cost Conversion cost Ending work in process inventory Units in process Completion with respect to materials Completion with respect to conversion 1.845 4.789 15.300 9 10 11 12 13 14 15 16 17 18 S 554,841 $ 1.247,935 600 10% 40% 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? 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