90.2K

Verified Solution

Link Copied!

PLEASE ANSWER ALL PARTS one assignment

Chapter 4 Excel Assignment

Requirement 1 Change all of the numbers in the data area of your worksheet so that 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? (Round your answer to 2 decimal places.)

(d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

(e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.)

Requirement 2: Change the percentage completion with respect to conversion for the beginning inventory from 45% to 30%, 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? (Round your answer to 2 decimal places.)

(d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

(e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.)

(f) Which of the following statements are true? (You may select more than one answer.

*In the weighted-average method, the percentage completion of beginning inventory has no effect on the equivalent units of production

*In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit

*In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost of the units transferred out

A Chapter 4: Applying Excel Beginning work in process inventory: Units 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 respect to materials Completion with respect to conversion 1 2 3 Data 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 B GA 900 $ 6,098 $ 36,084 14,000 $ 486,142 $ 1,266,301 500 20 % 45 % 50 % 50 % A 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 Costs in the beginning work in process inventory: 9 Materials cost 10 Conversion cost 11 Units started into production during the period Costs added to production during the period: 12 13 Materials cost 14 Conversion cost 15 Ending work in process inventory: 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion B 900 C 20 % 30 % $ 6,098 $ 36,084 14,000 $ 486,142 $ 1,266,301 500 50 % 50 %

Answer & Explanation Solved by verified expert

See Answer