Chapter $6$: Applying Excel: Exercise $($Part $2$ of $2)$

Requirement $2$:

Change all numbers in the data area of your worksheet so it looks like this:

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?

$($d$)$ What is the cost per equivalent unit for conversion?

$($e$)$ What is the cost of the units transferred out?

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 $25\%$ to $35\%,$ but keep everything the same as in Requirement $2.$ The data area of your worksheet should now look like this:

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?

$($d$)$ What is the cost per equivalent unit for conversion?

$($e$)$ What is the cost of the units transferred out?

$($f$)$ Which of the following statements are true?

Can you please explain in detail and simplify things as I did not do well on my last assignment so I am struggling with understanding the matrial$/$steps$.$