Integrated Excel: Computing Process Costs Using the Weighted$-$Average Method

Hayword, Incorporated uses weighted$-$average costing and has two departments and has provided data related to its mixing

department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related

points

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computations.

Work in process, beginning:

Units in process

Completion with respect to materials

Completion with respect to conversion

$300$

Costs in the beginning inventory:

Materials cost

Conversion cost

Required:

Use the data to fill in the following information.

Compute equivalent units.

Compute costs.

Assign costs.

Prepare report.

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