Function: SUM; Formula: Subtract; Cell Referencing

BE$11\mathrm{.}2-$ Using Excel to Verify Physical Units Using FIFO Process Costing

PROBLEM

Huuliver Corp. uses the FIFO processing costing method. All direct materials

resources are added at the beginning of the process. Huuliver Corporation

provided the gallons and percentages complete during the month of June

that are presented here.

Gallons in process at June $1$

Gallons in process at June $30$

New gallons started in June

Gallons completed during June

$1,100$

$2,000$

$19,900$

$19,000$

Conversion costs:

Percent complete of gallons in process at June $1$

Percent complete of gallons in process at June $30$

Student Work Area

Required: Provide input into cells shaded in yellow in this template. Input the

required mathematical formulas or functions with cell references to the Problem area

or work area as indicated.

Complete Step $1$ of the process costing template for Huuliver Corp. using the