Home Insert Page LayoutFormulasData Review View Cut Copy Arial Painter |1-IB\' 1

Question

Home Insert Page LayoutFormulasData Review View Cut Copy Arial Painter |1-IB' 11.t-B-a. . |..Merge & Center. 1 1Merge & Center. | $ . . s Format Painter Clipboard Font Alignment f Chapter 4: Applying Excell Al ata ork in process, beginning Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning inventory 200 55% 30% Materials cost Conversion cost $9,600 $5,575 5,000 Units started into production during the period Costs added to production during the period: Materials cost Conversion cost 368,600 350,900 Work in process, ending Units in process Completion with respect to materials Completion with respect to conversion 400 40% 25% Enter a formula into each of the cells marked with a 2 below Weighted Average method: Equivalent Units of Production Materials Conversion Units transferred to the next department Ending work in process Materials Conversion Equrvalent units of production 4Chapter 4 Form

Explanation / Answer

units transferred to the next department = beginning WIP + units strted - ending WIP = 200+5000-400 = 4800 units

Equivalent units of production:

Particulars Units Material conversion cost % of completion Equivalent units % of completion Equivalent units Transferred out 4800 100% 4800 100% 4800 Ending WIP 400 40% 160 25% 100 Equivalent Units 4960 4900

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