Question: This is all one question. I have to enter the answers in the cells as a formula. I am lost. Please help. 1. Compute the
This is all one question. I have to enter the answers in the cells as a formula. I am lost. Please help.






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. Process Costing using the Weighted-Average Method - Excel 7 0 - 5X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 A A % Paste BIUT T Alignment Number Conditional Format as Cell Cells Editing Formatting * Table Styles Clipboard G Font G Styles A Al x vf Hayword, Inc. uses weighted-average costing and has two departments - mixing A B C D E Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. The following information relates to work in the mixing department for the month of July: Work in process, July 1: Units in process 300 Percent completed with respect to materials 60% Percent completed with respect to conversion 40% DO Cost in the beginning inventory: Materials cost $10,500 10 Conversion cost $6,750 1 1ll] ll [2 l3- l4 [5 If: I? IE [9 Conversion cost Units started into production during the period Costs added to production during the period: Materials cost Conversion cost Work in process, July 31: Units in process Percent: completed with respect II) materials Percent completed with respect II) conversion .4. $6,750 6,200 $332,150 $407,645 450 40% 30% Illl A B Use lire data to answer the following. 1. Compute equivalent units. Mixing Department Equivalent Units of Production Materials Units transferred to the next department Ending work in process: Materials Conversion 1-. r a . .. a 3383338285333 Conversion ITY WOLL A B C D E 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 Mixing Department 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 productionA B C D E 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 45 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 50 51 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 58 Cost Reconciliation 59 Costs to be accounted for: 60 Cost of beginning work in process inventory 61 Costs added to production during the period6 1 62 63 65 66 6'? 63 69 Costs added to production during the, period Total cost to be accounted for Costs accountod for as follows: Cost of {ending work in process inventory Cost of units transferred out Total cost accounted for
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