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 70% to 80%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this:

A B 1 Chapter 5: Applying Excel 2 3 4 5 500 15 % 6 7 80% 8 9 $ $ 10 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 1,055 29,691 17.100 11 12 13 14 15 $ 239,893 $ 1,447,477 16 200 17 18 30 % 20 % 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 (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? Cost of units transferred out