The Chapter 5 Form worksheet is to be used to create your own worksheet version of Exhibit 5-5 and Exhibit 5-8 in the text. Download the Applying Excel form and enter formulas in all cells that contain question marks.

For example, in cell B34 enter the formula "= B9". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.

Check your worksheet by changing the beginning work in process inventory to 100 units, the units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50.

Chapter 5: Applying Excel
Data
Beginning work in process inventory:
Units in process	200
Completion with respect to materials	55%
Completion with respect to conversion	30%
Costs in the beginning work in process inventory:
Materials cost	$9,600
Conversion cost	$5,575
Units started into production during the period	5,000
Costs added to production during the period:
Materials cost	$368,600
Conversion cost	$350,900
Ending work in process inventory:
Units in process	400
Completion with respect to materials	40%
Completion with respect to conversion	25%
Enter a formula into each of the cells marked with a ? below
Weighted Average method:
Equivalent Units of Production
	Materials	Conversion
Units transferred to the next department	?	?
Equivalent units in ending work in process inventory:
Materials	?
Conversion		?
Equivalent units of production	?	?
Costs per Equivalent Unit
	Materials	Conversion
Cost of beginning work in process inventory	?	?
Costs added during the period	?	?
Total cost	?	?
Equivalent units of production	?	?
Cost per equivalent unit	?	?
Costs of Ending Work in Process Inventory and the Units Transferred Out
	Materials	Conversion	Total
Ending work in process inventory:
Equivalent units	?	?
Cost per equivalent unit	?	?
Cost of ending work in process inventory	?	?	?
Units completed and transferred out:
Units transferred to the next department	?	?
Cost per equivalent unit	?	?
Cost of units transferred out	?	?	?
Cost Reconciliation
Costs to be accounted for:
Cost of beginning work in process inventory	?
Costs added to production during the period	?
Total cost to be accounted for	?
Costs accounted for as follows:
Cost of ending work in process inventory	?
Cost of units transferred out	?
Total cost accounted for	?