Question

Need the answers in EXCEL FORMULA FORMAT in the yellow highlighted cells. ex: =B14+B15

XD ? X S FILE - Sign In HOME INSERT De % 20 Calibri 11 Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW AA = % D D - A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Paste B I U. 10. Cells Editing Clipboard Font 41 X V foc Hayword, Inc. uses weighted average costing and has two departments - mixing А 1 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 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 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Work in process, July 31: 16 Units in process 17 Percent completed with respect to materials 18 Percent completed with respect to conversion $10,500 $6,750 6,200 $330,912 $406,408 450 40% 30%

Need the answers in EXCEL FORMULA FORMAT in the yellow highlighted cells. ex: =B14+B15

Answer 1

I have given the answer first and then excel formula screenshot . please link accordingly to get the answer

1. Compute equivalent units. Mixing Department Equivalent units of production Materials Conversion Units transferred to the next department 6,050 6,050 Ending work in process: Material 180 Conversion 135 Equivalent units of production 6,2306 ,185 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit Cos of beginning work in process Cost added during the period Total Cost Equivalent units of production Cost per equivalent unit Materials Conversion $10,500 $6,750 $330,912 $406,408 $341,412 $413,158 6,2306 ,185 $54.80 $66.80 Total 3. Assign costs Mixing Department Costs of Ending Work in process Inventory and the Units transferred out Materials Conversion Ending work in process inventory: Equivalent units of production 180 135 Cost per equivalent unit $54.80 $66.80 Cost of ending work in process inventory $9,864 $9,018 $18,882 Units completed and transferred out: Units transferred out to next department Cost per equivalent unit Cost of units transferred out 6,050 $54.80 $331,548 6,050 $66.80 $404,140 $735,688 4. Prepare Reconciliation Mixing Department Cost Reconciliation Costs to be accounted as follows Cost of beginning work in process inventory Cost added to production during the period Total costs to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for Materials $10,500 $330,912 $341,412 Conversion $6,750 $406,408 $413,158 Total $17,250 $737,320 $754,570 $9,864 $331,548 $341,412 $9,018 $404,140 $413,158 $18,882 $735,688 $754,570

22 1. Compute equivalent units. 23 Mixing Department Equivalent units of production Materials =B5+B11-B16 Conversion =B26 =B16*B17 =SUM(B26:B29) =B16*B18 SUM(C26:C29) 24 25 26 Units transferred to the next department 27 Ending work in process: 28 Material 29 Conversion 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 34 35 36 Cos of beginning work in process 37 Cost added during the period 38 Total Cost 39 Equivalent units of production 40 Cost per equivalent unit 41 Mixing Department Cost per Equivalent Unit Materials =B9 =B13 =SUM(B36:B37) =B30 =B38/B39 Conversion =B10 =B14 =SUM(C36:037) =C30 =C38/C39

A 42 3. Assign costs 43 Mixing Department Costs of Ending Work in process Inventory and the Units transferred out Materials Conversion Total =B28 =B40 =B47*B48 =C29 =C40 =C47*C48 =SUM(B49:C49) 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 out to next department 53 Cost per equivalent unit 54 Cost of units transferred out =C26 =B26 =B40 =B52*B53 =C40 =C52*053 =SUM(B54:C54) 35 66 5 885 8885 56 4. Prepare Reconciliation 57 Mixing Department Cost Reconciliation =B9+B10 =B13+B14 =SUM(B60:361) 59 Costs to be accounted as follows 60 Cost of beginning work in process inventory 61 Cost added to production during the period 62 Total costs to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process inventory 65 Cost of units transferred out 66 Total cost accounted for =D49 =D54 =SUM(B64:B65)

1. Compute equivalent units. Mixing Department Equivalent units of production Materials Conversion Units transferred to the next department 6,050 6,050 Ending work in process: Material 180 Conversion 135 Equivalent units of production 6,2306 ,185 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit Cos of beginning work in process Cost added during the period Total Cost Equivalent units of production Cost per equivalent unit Materials Conversion $10,500 $6,750 $330,912 $406,408 $341,412 $413,158 6,2306 ,185 $54.80 $66.80 Total 3. Assign costs Mixing Department Costs of Ending Work in process Inventory and the Units transferred out Materials Conversion Ending work in process inventory: Equivalent units of production 180 135 Cost per equivalent unit $54.80 $66.80 Cost of ending work in process inventory $9,864 $9,018 $18,882 Units completed and transferred out: Units transferred out to next department Cost per equivalent unit Cost of units transferred out 6,050 $54.80 $331,548 6,050 $66.80 $404,140 $735,688 4. Prepare Reconciliation Mixing Department Cost Reconciliation Costs to be accounted as follows Cost of beginning work in process inventory Cost added to production during the period Total costs to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for Materials $10,500 $330,912 $341,412 Conversion $6,750 $406,408 $413,158 Total $17,250 $737,320 $754,570 $9,864 $331,548 $341,412 $9,018 $404,140 $413,158 $18,882 $735,688 $754,570

22 1. Compute equivalent units. 23 Mixing Department Equivalent units of production Materials =B5+B11-B16 Conversion =B26 =B16*B17 =SUM(B26:B29) =B16*B18 SUM(C26:C29) 24 25 26 Units transferred to the next department 27 Ending work in process: 28 Material 29 Conversion 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 34 35 36 Cos of beginning work in process 37 Cost added during the period 38 Total Cost 39 Equivalent units of production 40 Cost per equivalent unit 41 Mixing Department Cost per Equivalent Unit Materials =B9 =B13 =SUM(B36:B37) =B30 =B38/B39 Conversion =B10 =B14 =SUM(C36:037) =C30 =C38/C39

Total =SUM(B49:C49) 42 3. Assign costs Mixing Department Costs of Ending Work in process Inventory and the Units transferred out Materials Conversion 46 Ending work in process inventory: 47 Equivalent units of production =B28 =C29 48 Cost per equivalent unit =B40 =C40 49 Cost of ending work in process inventory =B47*B48 =C476048 50 51 Units completed and transferred out: 52 Units transferred out to next department =B26 =C26 53 Cost per equivalent unit =B40 =C40 Cost of units transferred out =B52*853 =C52*053 55 56 4. Prepare Reconciliation 57 Mixing Department Cost Reconciliation 59 Costs to be accounted as follows Materials Conversion 60 Cost of beginning work in process inventory =B9 =B10 61 Cost added to production during the period =B13 =B14 62 Total costs to be accounted for =SUM(B60:361) =SUM(C60:C61) 63 Costs accounted for as follows: Cost of ending work in process inventory =B49 =C49 Cost of units transferred out =B54 =C54 Total cost accounted for =SUM(B64:865) =SUM(C64:C65) =SUM(B54:054) 58 Total =SUM(B60:C60) =SUM(B61:C61) =SUM(D60:D61) 65 =D49 =D54 =SUM(D64:D65) 67