Identify, in order, the seven steps in the new offering development process. Provide a one sentence explanation or description for each.

You Got Yogurt, Inc. manufactures yogurt that goes through  three  processing stages prior to completion. Information on work in the first   department, flavor identification and blending, is given below for  November:    Data on Production:       Pounds in process at November 1; materials 100% complete; conversion 70% complete   3,525       Pounds started into production during November   75,000       Pounds completed and transferred out   ?       Pounds in process, November 30; materials 85% complete; conversion 40% complete   6,100     Data on Costs:       Work in process inventory, November 1: Materials cost   $1,800       Conversion cost   $3,700       Cost added during November: Materials cost   $121,000       Conversion cost   $147,700   The company uses the weighted-average method.     Submit your assignment as an Excel spreadsheet document, clearly  organized,  with each tab or section labeled by item number that  demonstrates the  following:  Compute  the equivalent units of production. Compute  the costs per equivalent unit for the month. Determine  the cost of ending work in process inventory and of the units transferred out  to the next department. Prepare  a cost reconciliation schedule for the month. Below the  schedule, comment on  what the cost reconciliation schedule tells us  about the company’s costs.

"Capital Leases and Operating Leases" Please respond to the following:Imagine you are the senior accountant at an organization and management is considering leasing some equipment; however, management is unsure of the impact that a capital lease would have on the company. Briefly describe the manner in which a capital lease would be accounted for by the company both at inception of the lease and during the first year of the lease, assuming that lease transfers ownership of the property to the lessee at the end of the lease.From the previous bulleted discussion, assume that management now has a clear understanding of capital leases, but has been informed by colleagues that an operating lease may be more beneficial than an operating lease, since the useful life for the equipment is only eight (8) years. Compare and contrast a capital lease and an operating lease, and recommend to management what type of lease would be beneficial since the equipment will become obsolete in eight (8) years. Provide a rationale for your recommendation.