Question: Chapter 5: Applying Excel Data Beginning work in process inventory: Units in process 300 Completion with respect to materials 55% Completion with respect to conversion
| Chapter 5: Applying Excel | |||
| Data | |||
| Beginning work in process inventory: | |||
| Units in process | 300 | ||
| 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 | 18,200 | ||
| Costs added to production during the period: | |||
| Materials cost | $368,600 | ||
| Conversion cost | $350,900 | ||
| Ending work in process inventory: | |||
| Units in process | 500 | ||
| 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 | $ 9,600 | ? | |
| 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 | ? | ||
***************PLEASE ANSWER WITH THE FORMULAS***************
For example, in cell B34 enter the formula "= B9". this is an excel docuement that i am working in, so if you can provide the excel formulas for these problems PLEASE:)
After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.
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