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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

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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 35% to 60%, but keep everything the same as in Requirement 2 . The data area of your worksheet should now look like this: Chapter 4: Applying Excel 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 100 10% 60% Enter a formula into each of the cells marked with a ? below Weighted Average Method: Equivalent Units of Production Costs per Equivalent Unit Cost of beginning work in process inventory Costs added during the period Total cost Equivalent units of production Cost per equivalent unit $294 $2,993 11,600 $329,714 $967,669 90% 70% c) What is the cost per equivalent unit for materials? d) What is the cost per equivalent unit for conversion? Note: Round your answers to 2 decimal places

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