Requirement $2$:

Change all numbers in the data area of your worksheet so it looks like this:

$\backslash$table$[[,$A$,$B$,$C$],[1,$Chapter $4$: Applying Excel,,$],[2,,,],[3,$Data,,$],[4,$Beginning work in process inventory:,,$],[5,$Units in process,$700,],[6,$Completion with respect to materials,$50,\%],[7,$Completion with respect to conversion,$40,\%],[8,$Costs in the beginning work in process inventory:,,$],[9,$Materials cost,$ $15,770,],[10,$Conversion cost,$ $23,768,],[11,$Units started into production during the period,$16,600,],[12,$Costs added to production during the period:,,$],[13,$Materials cost,$ $738,430,],[14,$Conversion cost,$ $1,394,128,],[15,$Ending work in process inventory:,,$],[16,$Units in process,$900,],[17,$Completion with respect to materials,$40,\%],[18,$Completion with respect to conversion,$40,\%]]$ same as in Requirement $2.$ The data area of your worksheet should now look like thisRequired information

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The Chapter $4$ Form worksheet shown below consolidates data from Exhibit $4-5$ and Exhibit $4-8$ in the text.

Requirement $2$:

Change all numbers in the data area of your worksheet so it looks like this:

If your formulas are correct, you should get the correct answers to the following questions.

$($a$)$ What is the equivalent units of production for materials?

$($b$)$ What is the equivalent units of production for conversion?

$($c$)$ What is the cost per equivalent unit for materials?

$($d$)$ What is the cost per equivalent unit for conversion?

$($e$)$ What is the cost of the units transferred out?

Requirement $3$:

Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer back to this worksheet.

Change the percentage completion with respect to conversion for the beginning inventory from $40\%$ to $15\%,$ but keep everything the same as in Requirement $2.$ The data area of your worksheet should now look like this:

If your formulas are correct, you should get the correct answers to the following questions.

$($a$)$ What is the equivalent units of production for materials?

$($b$)$ What is the equivalent units of production for conversion?

$($c$)$ What is the cost per equivalent unit for materials?

$($d$)$ What is the cost per equivalent unit for conversion?

$($e$)$ What is the cost of the units transferred out?

$($f$)$ Which of the following statements are true?