pa | |||
Equivalent units of production | |||
Materials | Conversion | ||
Units transferred to the next department | 6,050 | 6,050 | |
Ending work in process | |||
Materials | 180 | ||
Conversion | 135 | ||
Equivlent units of production | 6,230 | 6,185 | |
2 Compute cost per equivalent unit | |||
Mixing Department | |||
Cost per Equivalent unit | |||
Materials | Conversion | ||
Cost of beginning work in process | 10,500 | 6,750 | |
Cost added during the process | 3,30,000 | 4,06,408 | |
Total cost | 3,40,500 | 4,13,158 | |
Equivalent units of production | 6,230 | 6,185 | |
Cost per equivalent unit | 54.65 | 66.80 | |
3 Assign costs | |||
Mixing departmnt | |||
Costs of Ending Work in Process inventory and the units transferred out | |||
Materials | Conversion | Total | |
Ending work in process inventory | |||
Equivalent units of production | 180.00 | 135.00 | |
Cost per equivalent | 54.65 | 67 | |
Cost of ending stock in process inventory | 9,837.88 | 9,018.00 | 18,855.88 |
Units completed and transferred out | |||
Units transferred to the next department | 6,050 | 6,050 | |
Cost per equivalent unit | 54.65 | 66.80 | |
Cost of units transferred out | 3,30,662.12 | 4,04,140.00 | 7,34,802.12 |
4. Prepare reconciliation | |||
Mixing department | |||
cost reconciliation | |||
costs to be accounted for: | |||
Cost of beginning WIP inventory | 17,250 | ||
Costs added to production during the period | 7,36,408 | ||
Total cost to be accounted for | 7,53,658.00 | ||
Costs accounted for as follows: | |||
Cost of ending work in process inventory | 18,855.88 | ||
cost of units transferred out | 7,34,802.12 | ||
Total cost accounted for | 7,53,658.00 |
With formula
pa | |||
Equivalent units of production | |||
Materials | Conversion | ||
Units transferred to the next department | =+B4+B11-B16 | =+B26 | |
Ending work in process | |||
Materials | =+B16*B17 | ||
Conversion | =+B16*B18 | ||
Equivlent units of production | =+B26+B28 | =+C26+C29 | |
2 Compute cost per equivalent unit | |||
Mixing Department | |||
Cost per Equivalent unit | |||
Materials | Conversion | ||
Cost of beginning work in process | =+B9 | =+B10 | |
Cost added during the process | =+B12 | =+B13 | |
Total cost | =+B36+B37 | =+C36+C37 | |
Equivalent units of production | =+B30 | =+C30 | |
Cost per equivalent unit | =+B38/B39 | =+C38/C39 | |
3 Assign costs | |||
Mixing departmnt | |||
Costs of Ending Work in Process inventory and the units transferred out | |||
Materials | Conversion | Total | |
Ending work in process inventory | |||
Equivalent units of production | =+B28 | =+C29 | |
Cost per equivalent | =+B40 | =+C40 | |
Cost of ending stock in process inventory | =+B47*B48 | =+C47*C48 | =+C49+B49 |
Units completed and transferred out | |||
Units transferred to the next department | =+B26 | =+C26 | |
Cost per equivalent unit | =+B40 | =+C40 | |
Cost of units transferred out | =+B52*B53 | =+C52*C53 | =+C54+B54 |
4. Prepare reconciliation | |||
Mixing department | |||
cost reconciliation | |||
costs to be accounted for: | |||
Cost of beginning WIP inventory | =+B9+B10 | ||
Costs added to production during the period | =+B12+B13 | ||
Total cost to be accounted for | =+B60+B61 | ||
Costs accounted for as follows: | |||
Cost of ending work in process inventory | =+D49 | ||
cost of units transferred out | =+D54 | ||
Total cost accounted for | =+B64+B65 |
please write the formulas in this format, for example =B12+C3 and so on... use the cell...
Need answers in EXCEL Formula Format (ex: =SUM(B13,B14) for each yellow highlighted cell IMPORTANT Need answers in EXCEL Formula Format (ex: =SUM(B13,B14) for each yellow highlighted cell, thank you in advance. Hayword, Inc. uses weighted average costing and has two departments and has provided data related to its mixing department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related computations. Use the information included in the Excel Simulation and the Excel functions...
Calibri 11 1 Paste BIU- - A % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font A1 X Hayword, Inc. uses weighted average costing and has two departments - mixing 5 aints A D E 6 eBook 7 References B Percent completed with respect to materials 60% Percent completed with respect to conversion 40% 8 Cost in the beginning inventory: 9 Materials cost $10,500 10 Conversion cost S6,750 11 Units started into production...
please answer in yellow box and enter Excel formulas. 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 5. FILE Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME INSERT Sign In -11AA2 Paste B I U A Alignment Number Conditional Format as Cell...
Can you please help me with the boxes highlighted in yellow Thank you! 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: 3 300 60% 40% $10,500 $6,750 6,200 4 Work in process, July 1: 5 Units in process 6 Percent completed with respect to materials 7 Percent completed with respect to conversion 8 Cost in the beginning...
A B с D E 1 9 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 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 8 Cost in the beginning inventory: Materials cost $10,500 10 Conversion cost $6,750 11 Units...
hayword, inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for the month of July. I need to know what keys to press into the spreadsheet as well. Thank you! Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related computations. Use the information included...
F20 DE 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: 6011 405 4 Work in process, July 1: 5 Units in process 6 Percent completed with respect to materials 7 Percent completed with respect to conversion 8 Cost in the beginning inventory: 9 Materials cost 10 Conversion cost 11 Units started into production during the period 12...
THE ANSWERS ARE THE EXCEL FORMULAS NOT THE NUMBERS. PLEASE PROVIDE THE EXCEL FORMULA THAT IS USED TO GET THE ANSWERS. Saved 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. K 5. a Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW ? X...
All answers must be entered as a formula. Click OK to begin. OK B18 30% 1 2 в DE 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: 300 60% 40% 4 Work in process, July 1: 5 Units in process 6 Percent completed with respect to materials 7 Percent completed with respect to conversion 8 Cost in the beginning...
E C D 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: 300 60% 40% 4 Work in process, July 1: 5 Units in process 6 Percent completed with respect to materials 7 Percent completed with respect to conversion 8 Cost in the beginning inventory: 9 Materials cost 10 Conversion cost 11 Units started into production during the...