Chapter 4 Excel Simulation i Saved Help Save & Exit Submit 5 Check my work 1 Required information B 11 points 1 Chapter 4: Applying Excel 2 eBook 3 Data 4 Print 5 700 6 65% 7 5 % or Beginning work in process inventory: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory: Materials cost Conversion cost Units started into production during the period Costs added to production during the period: Materials cost 9 $ 10 $ 20,196 18,223 16,800 11 12 13 $ 747,966 14 Conversion cost $ 1,108,501 800 15 Ending work in process inventory: 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion 80 % 40 % 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? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit for conversion (e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.) (f) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? 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