The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Cost per equivalent unit for materials___________________

(d) What is the cost per equivalent unit for conversion?

Cost per equivalent unit for conversion_____________________

(e) What is the cost of the units transferred out?

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 60%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

10. Conversion cost $22,361

11. Units started into production during the period 11,500

12 Costs added to production during the period

13. Materials cost $327,674

14.Conversion cost $961,307

15. Ending work in process inventory

16. Units in process $200

17. Completion with respect to materials 10%

18. Completion with respect to conversion 70%

If your formulas are correct, you should get the correct answers to the following questions.

(d) What is the cost per equivalent unit for conversion?

Cost per equivalent unit for conversion_______________

(e) What is the cost of the unit transferred out?

Cost of unit transferred out_______________

(f) Which of the following statements are true?

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.