Paste ov Merge & Center $ % 98 -28 Conditional Format Cell Formatting as Table Styles Insert Delete Format C1 . B C 1 Chapter 4: Applying Excel Name: 2 3 Data 4 Beginning work in process inventory: 5 Units in process 200 6 Completion with respect to materials 55% 7 Completion with respect to conversion 30% 8 Costs in the beginning work in process inventory: 9 Materials cost $9,600 10 Conversion cost $5,575 11 Units started into production during the period 5,000 12 Costs added to production during the period: 13 Materials cost $368,600 14 Conversion cost $350,900 15 Ending work in process inventory: 16 Units in process 17 Completion with respect to materials 40% 18 Completion with respect to conversion 25% 19 20 Enter a formula into each of the green cells marked with a ? below. Once complete use the "Copy Formula" button. 21 22 Weighted Average method: Formulas Req 1 Ch4 Req 2 Ch4 Reg 3 Ch4 400 + B D E F G H Copy Formulas C1 xv fix A C 20 Enter a formula into each of the green cells marked with a ? below. Once complete use the "Copy Formula" button. 21 22 Weighted Average method: 23 24 Equivalent Units of Production 25 Materials Conversion 22 26 Units transferred to the next department ? ? 40 27 Equivalent units in ending work in process inventory: 28 Materials ? 29 Conversion ? 20 Equivalent units of production ? ? 31 32 Costs per Equivalent Unit 33 Materials Conversion 34 Cost of beginning work in process inventory ? ? 35 Costs added during the period ? ? 36 Total cost ? 7 37 Equivalent units of production ? ? 38 Cost per equivalent unit 7 ? 39 40 Costs of Ending Work in Process Inventory and the Units Transferred Out 41 Materials Conversion 42 Ending work in process inventory: 43 Equivalent units ? ? 44 Cost per equivalent unit ? ? 45 Cost of ending work in process inventory ? ? 46 47 Units completed and transferred out: 48 Units transferred to the next department ? ? 49 Cost per equivalent unit ? ? 50 Cost of units transferred out ? 7 51 Total ? ? Formulas Req 1 Ch4 Reg 2 CH4 Reg 3 Ch4 + E C1 B D E F G . A 51 52 Cost Reconciliation 53 Costs to be accounted for: 54 Cost of beginning work in process inventory 55 Costs added to production during the period 56 Total cost to be accounted for 57 Costs accounted for as follows: 58 Cost of ending work in process inventory 59 Cost of units transferred out 60 Total cost accounted for ? ? ? ? 7 ? 61 62 63 64 54 65 65 66 cc 67 co 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 Formulas Reg 1 Ch4 Reg 2 Chd Req 3 Ch4 + E Req. 1: Enter 100 for the beginning units in process, 2,500 units started into production during the month, and 200 for the ending units in process. If your formulas are correct the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. If not, go back to the formulas page, make corrections, press the copy formulas button, and recheck your answers until they are correct. When correct, answer the questions below. How much is the total cost of the units transferred out? Did it change? Why or why not? Req. 2 Enter the data for requirement 2 on page 171 of the textbook in the green data cells on the left of this sheet. what is the cost of the units transferred out? Req. 3: Enter 20% in the beginning WIP inventory completion with respect to conversion cell in the data section at the left and keep the rest of the data the same as requirement 2. What happens to the underapplied or overapplied manufacturing overhead? Why is it different from from the underapplied or overapplied manufacturning overhead in requirement 2