1 answer

Download the Applying Excel form and enter formulas in all cells that contain question marks. For...

Question:

Download the Applying Excel form and enter formulas in all cells that contain question marks.

For example, in cell B34 enter the formula "= B9".

After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.

Check your worksheet by changing the beginning work in process inventory to 300 units, the units started into production during the period to 18,200 units, and the units in ending work in process inventory to 500 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $20.78 and the cost per equivalent unit for conversion should be $19.67. If you do not get these answers, find the errors in your worksheet and correct them. I need help with the formulas more than anything.

Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2.

1 Chapter 4: Applying Excel 3 5 200 55% 30% Data Beginning work in process inventory: Unite in process Completion with respec

1 Chapter 4: Applying Excel 3 5 200 55% 30% Data Beginning work in process inventory: Unite in process Completion with respect to materials Completion with respect to conversion Costs in the beginning work in process inventory: Materials cost Conversion cost Units started into production during the period Costs added to production during the period: Materials cost Conversion cost Ending work in process inventory: Units in process Completion with reppect to materials Completion with reppect to conversion 7 8 9 10 11 12 13 14 15 16 17 18 $9,600 $5,575 5,000 $368,600 $350,900 400 40% 25% a & 20 Enter a form och of the cells i d'A v on 22 Veighted Average method: Eqviralen Uits of Production Materials Conversion 26 Units transferred to the next department 27 Equivalent units in onding work in process inventory: 28 Materials 29 Conversion 30 Equivalent units of production Conversion Costs per Egriralee Unit Materiale 34 Cost of beginning work in process inventory 35 Costs added during the period 36 Total cost 37 Equivalent units of production 38 Cost per equivalent unit 40 posts or Ending Port i Process Merckory and the Units 7724sferred a Materials Conversion Total 42 Ending work in proceso inventory: 43 Equivalent units 44 Cost per equivalent unit 45 Cost of ending work in process inventory 47 Units completed and transferred out: 48 Units transferred to the next department 49 Cost per equivalent unit 50 Cost of unite transferred out 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 unite transferred out 60 Total cost accounted for

Answers

Beginning Work in process
Units 200
Completion Materials 55%
Completion Conversion 30%
Costs in beginning work in process
Material Cost $       9,600
Conversion Cost $       5,575
Units started 5000
Costs added
Material Cost $   368,600
Conversion Cost $   350,900
Ending Work in process
Units 400
Completion Materials 40%
Completion Conversion 25%
Material Conversion
Units transferred 4800 4800 =B5+B11-B16 =B26
Equivalent units in ending WIP
Materials 160 =B16*B17
Conversion 100 =B16*B18
Equivalent units of production 4960 4900 =SUM(B26:B29) =SUM(C26:C29)
Material Conversion
Cost of beginning work in process $       9,600 $           5,575 =B9 =B10
Cost added during the production $   368,600 $      350,900 =B13 =B14
Total Cost $   378,200 $      356,475 =SUM(B34:B35) =SUM(C34:C35)
Equivalent units of production 4960 4900 =B30 =C30
Cost per Equivalent unit $       76.25 $           72.75 =B36/B37 =C36/C37
Material Conversion Total
Ending Work in process inventory
Equivalent units 160 100 =B28 =C29
Cost per Equivalent unit $       76.25 $           72.75 =B38 =C38
Cost of Ending Work in process inventory $     12,200 $           7,275 $     19,475 =+B43*B44 =+C43*C44
Units completed and transferred out
Units transferred 4800 4800 =B26 =C26
Cost per Equivalent unit $       76.25 $           72.75 =B38 =C38
Cost of Units transferred $   366,000 $      349,200 $   715,200 =B48*B49 =C48*C49
Costs to be accounted for
Cost of beginning work in process $     15,175 =B9+B10
Cost added during production $   719,500 =B13+B14
Total Costs to be accounted for $   734,675 =SUM(B54:B55)
Costs accounted for as follows
Cost of Ending work in process $     19,475 =D45
Cost of Units transferred $   715,200 =D50
Total Costs accounted for $   734,675 =SUM(B58:B59)
Beginning Work in process
Units 300
Completion Materials 55%
Completion Conversion 30%
Costs in beginning work in process
Material Cost $         9,600
Conversion Cost $         5,575
Units started 18200
Costs added
Material Cost $    368,600
Conversion Cost $    350,900
Ending Work in process
Units 500
Completion Materials 40%
Completion Conversion 25%
Material Conversion
Units transferred 18000 18000 =B5+B11-B16 =B26
Equivalent units in ending WIP
Materials 200 =B16*B17
Conversion 125 =B16*B18
Equivalent units of production 18200 18125 =SUM(B26:B29) =SUM(C26:C29)
Material Conversion
Cost of beginning work in process $         9,600 $           5,575 =B9 =B10
Cost added during the production $    368,600 $       350,900 =B13 =B14
Total Cost $    378,200 $       356,475 =SUM(B34:B35) =SUM(C34:C35)
Equivalent units of production 18200 18125 =B30 =C30
Cost per Equivalent unit $         20.78 $           19.67 =B36/B37 =C36/C37
.

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