Question: In excel solve the following and be sure to include cell references Process Costing Jones Company records the following figures for the month: Physical Units

In excel solve the following and be sure to include cell references

In excel solve the following and be sure to include cell references

Process Costing Jones Company records the following figures for the month: Physical

Process Costing Jones Company records the following figures for the month: Physical Units 200 Transferred-In Direct Material Cost $3,000 $4,500 100% 75% $75,000 $115,000 Conversion Cost $3,500 35% $86,000 Beginning WIP Beginning WIP %-Complete Units Started / Added-in Units Completed and Transferred to FG Ending WIP Ending WIP %-Complete 4,500 4,350 350 100% 60% 20% (1) Using the weighted-average method, calculate the total cost that will be transferred to FG Inventory and remain in ending WIP. Beginning Added Total To Account For Completed & Transferred-Out Ending Total Accounted For Physical Units Transferred-In 2. Complete EU $/EU $ Direct Mati % Complete EU $/EU $ Conversion % Complete EU $IEU $ Total Cost 36 Total Cost 37 8 (2) Using the FIFO method, calculate the total cost that will be transferred to FG Inventory and remain in ending WIP. 89 Total To Completed & Total Added 0 Beginning Account For Transferred-Out Ending Accounted For 11 Physical Units 13 14 15 16 Transferred-lo % Complete EU $/EU $ 18 9 Direct Mati % Complete EU $IEU 51 2 63 54 55 56 57 58 59 SO 9 N N DR SANS AN 98123 Conversion % Complete EU $IEU Total Cost 64

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