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All answers must be entered as a formula. Click OK to begin. OK 1. Compute the equivalent units of production using the weighted average method. 2. Compute the cost per equivalent unit using the weighted average method. 3. Assign costs to units using the weighted-average method. 4. Prepare a cost reconciliation report. 13 - X A D X Process Costing using the Weighted Average Method - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In % Calibri - 111 - AA 96 M De Paste BIU BE Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles X f Hayword, Inc. uses weighted-average costing and has two departments - mixing B E 1 Hayword, Inc, uses weighted-average costing and has two departments - mixing and packaging, 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: 5 Units in process 300 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 8 Cost in the beginning inventory: 9 Materials cost $10,500 10 Conversion cost $6,750 11 Units started into production during the period 6,200 12 Costs added to production during the period: 13 Materials cost $332.150 14 Conversion cost $407,645 15 Work in process, July 31: 16 Units in process 450 6 Calibri 11 %6 BB Paste BIU- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font > Hayword, Inc, uses weighted average costing and has two departments - mixing D E B $407,645 14 Conversion cost 15 Work in process, July 31: 16 Units in process 17 Percent completed with respect to materials 18 Percent completed with respect to conversion 19 20 Use the data to answer the following. 450 40% 30% 21 23 24 25 Conversion 22 1. Compute equivalent units. Mixing Department Equivalent Units of Production Materials 26 Units transferred to the next department 27 Ending work in process: 28 Materials 29 Conversion 30 Equivalent units of production 32 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit Materials 36 Cost of beginning work in process 37 Cost added during the period 31 33 34 35 Conversion Sheet1 11 READY Attempts) 100% Show Me Hint 00 - 11 Paste C D E Caibri -A A %6 M BIU- - Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles > Hayword, Inc. uses weighted average costing and has two departments - mixing B 34 Cost per Equivalent Unit 35 Materials Conversion 36 Cost of beginning work in process 37 Cost added during the period 38 Total cost 39 Equivalent units of production 40 Cost per equivalent unit 41 42 3. Assign costs 43 Mixing Department 44 Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total | 46 Ending work in process inventory: 47 Equivalent units of production 48 Cost per equivalent unit 49 Cost of ending work in process inventory Si Units completed and transferred out: 52 Units transferred to the next department 53 Cost per equivalent unit 54 Cost of units transferred out 55 56 4. Prepare reconciliation 57 Mixing Department Sheet1 45 ces 50 + 100% READY Attempt(s) Show Me