Question

The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory   

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Equivalent units of production for materials __________

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion_____________

(c) What is the cost per equivalent unit for materials?

Cost per equivalent unit for materials___________________

The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory   

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Equivalent units of production for materials __________

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion_____________

(c) What is the cost per equivalent unit for materials?

Cost per equivalent unit for materials___________________

The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory   

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Equivalent units of production for materials __________

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion_____________

(c) What is the cost per equivalent unit for materials?

Cost per equivalent unit for materials___________________

The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory   

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Equivalent units of production for materials __________

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion_____________

(c) What is the cost per equivalent unit for materials?

Cost per equivalent unit for materials___________________

The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory   

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Equivalent units of production for materials __________

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion_____________

(c) What is the cost per equivalent unit for materials?

Cost per equivalent unit for materials___________________

The chapter 4 form worksheet is to be used to create your own worksheet version of exhibit 4-5 and exhibit 4-8 in the text.

Change all of the numbers in the data area of your worksheet so that it looks like this:

A B

1.Chapter 4: Applying Excel

2.

3. Data

4. Beginning work in process inventory   

5. Units in process 600

6. Completion with respect to materials 90%

7. Completion with respect to conversion 45%

8. Costs in the beginning work in process inventory

9. Materials cost $15, 622

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?

Equivalent units of production for materials __________

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion_____________

(c) What is the cost per equivalent unit for materials?

Cost per equivalent unit for materials___________________

Answer 1

(a)

Equivalent units of production for materials : 540 units

Equivalent units of production for materials = units in process * % of completion with respect to materials

Equivalent units of production for materials = 600 * 90%

Equivalent units of production for materials = 540

(b)

Equivalent units of production for conversion : 270 Units

Equivalent units of production for conversion = Units in process * % of completion with respect to conversion

Equivalent units of production for conversion 600 * 45%

Equivalent units of production for conversion = 270

(c)

Cost per equivalent unit for materials : 28.9296

Cost per equivalent unit for materials = Material costs / Equivalent units for material

Cost per equivalent unit for materials = 15622 / 540

Cost per equivalent unit for materials = 28.9296