A	B	C
1	Chapter 4: Applying Excel
2
3	Data
4	Beginning work in process inventory:
5	Units in process	200
6	Completion with respect to materials	10	%
7	Completion with respect to conversion	45	%
8	Costs in the beginning work in process inventory:
9	Materials cost	$404
10	Conversion cost	$6,210
11	Units started into production during the period	15,000
12	Costs added to production during the period:
13	Materials cost	$245,921
14	Conversion cost	$996,935
15	Ending work in process inventory:
16	Units in process	500
17	Completion with respect to materials	10	%
18	Completion with respect to conversion	50	%
19

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?

(b)	What is the equivalent units of production for conversion?

(c)	What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

(d)	What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

(e)	What is the cost of the units transferred out? (Use rounded cost per equivalent unit.)

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

	A	B	C
1	Chapter 4: Applying Excel
2
3	Data
4	Beginning work in process inventory:
5	Units in process	200
6	Completion with respect to materials	10	%
7	Completion with respect to conversion	80	%
8	Costs in the beginning work in process inventory:
9	Materials cost	$404
10	Conversion cost	$6,210
11	Units started into production during the period	15,000
12	Costs added to production during the period:
13	Materials cost	$245,921
14	Conversion cost	$996,935
15	Ending work in process inventory:
16	Units in process	500
17	Completion with respect to materials	10	%
18	Completion with respect to conversion	50	%
19

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?

(b)	What is the equivalent units of production for conversion?

(c)	What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

(d)	What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

(e)	What is the cost of the units transferred out? (Use rounded cost per equivalent unit.)

(f)	Which of the following statements are true? (Select all that apply.)

	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.