Chapter 20 Using Excel P20-46 Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for the month of August 2018: Units 0 Beginning Work-in-Process Inventory Started in Production in August Total to Account For Completed and Transferred to Packaging Department during August Ending Work-in-Process Inventory, 30% complete for direct materials and 60% complete for conversion costs. Total Accounted For 26,000 26,000 21,000 Costs 0 54.000 54,000 ? 5.000 ? 26,000 54.000 * Includes $18,000 direct materials and $36.000 conversion costs. Requirements Complete a production cost report for the Malting Department for the month of August 2018 to determine the cost of the units completed and transferred out, and the cost of the ending Work in Process Inventory. Assume Salish Craft Beers uses the weighted average method. SALISH CRAFT BEERS Production Cost Report - MALTING DEPARTMENT Month Ended August 31, 2018 Equivalent Units Direct Materials Conversion Costs Physical Units UNITS Units to account for Beginning work-in-process Started in Production Total units to account for Units accounted for Completed and transferred out Ending work-in-process Total units accounted for Direct Materials Conversion Costs Total Costs COSTS Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for