Costs of Ending Work in Process Inventory and the Units Transferred Out Total 40 Materials Conversion 41 42 Ending work in process inventory: Equivalent units Cost per equivalent unit Cost of ending work in process inventory 43 ? 44 ? 45 46 47 Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out 48 49 50 51 Cost Reconciliation 52 53 Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period 54 55 Total cost to be accounted for 56 57 Costs accounted for as follows: Cost of ending work in process inventory 58 Cost of units transferred out 59 Total cost accounted for 60 61 Chapter 5 Form +) Chapter 5 Fc .. ... You should proceed to the requirements below only after completing your worksheet. Required: 1. 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. If you do not get these answers, find Page 204 the errors in your worksheet and correct them. How much is the total cost of the units transferred out? Did it change? Why or why not? 2. Enter the following data from a different company into your worksheet: Beginning work in process inventory: Units in process 200 Completion with respect to materials Completion with respect to conversion 100% 20% Costs in the beginning work in process inventory: Costs of Ending Work in Process Inventory and the Units Transferred Out Total 40 Materials Conversion 41 42 Ending work in process inventory: Equivalent units Cost per equivalent unit Cost of ending work in process inventory 43 ? 44 ? 45 46 47 Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out 48 49 50 51 Cost Reconciliation 52 53 Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period 54 55 Total cost to be accounted for 56 57 Costs accounted for as follows: Cost of ending work in process inventory 58 Cost of units transferred out 59 Total cost accounted for 60 61 Chapter 5 Form +) Chapter 5 Fc .. ... You should proceed to the requirements below only after completing your worksheet. Required: 1. 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. If you do not get these answers, find Page 204 the errors in your worksheet and correct them. How much is the total cost of the units transferred out? Did it change? Why or why not? 2. Enter the following data from a different company into your worksheet: Beginning work in process inventory: Units in process 200 Completion with respect to materials Completion with respect to conversion 100% 20% Costs in the beginning work in process inventory