Homework Answers
1.
Equivalent units of production:
Material = 300,000 + 40,000 = 340,000
Conversion = 300,000 + (40,000 X 25%) = 310,000
2.
Cost per equivalent unit:
Material = ($56,600 + $385,000) / 340,000 = $1.30
Conversion = ($14,900 + $214,500) / 310,000 = $0.74
3.
Cost of ending work in process inventory = (40,000 X $1.30) + (40,000 X 25% X $0.74) = $59,400
Cost of units completed and transferred out = 300,000 ($1.30 + $0.74) = $612,000
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Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All...
Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All...
Helix Corporation produces prefabricated flooring in a series of
steps carried out in production departments. All of the material
that is used in the first production department is added at the
beginning of processing in that department. Data for May for the
first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process inventory, May 1
60,000
85
%
50
%
Work in process inventory, May 31
40,000
60
%
30
%
Materials cost in work in process...
Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All...
Helix Corporation produces prefabricated flooring in a series of
steps carried out in production departments. All of the material
that is used in the first production department is added at the
beginning of processing in that department. Data for May for the
first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process inventory, May 1
54,000
85
%
50
%
Work in process inventory, May 31
34,000
60
%
30
%
Materials cost in work in...
Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All...
Helix Corporation produces prefabricated flooring in a series of
steps carried out in production departments. All of the material
that is used in the first production department is added at the
beginning of processing in that department. Data for May for the
first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process inventory, May 1
54,000
85
%
50
%
Work in process inventory, May 31
34,000
60
%
30
%
Materials cost in work in...
Helix Corporation uses the weighted-a steps carried out in production departments. All of the material that...
Helix Corporation uses the weighted-a steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow uces prefabricated flooring in a series of Work in process inventory, May 1 Work in process inventory, May 31 Materials conversion cost in work in process inventory, May 1 Units started into productiorn Units transferred to the next...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
Helix Corporation uses the weighted-average method in its
process costing system. It produces prefabricated flooring in a
series of steps carried out in production departments. All of the
material that is used in the first production department is added
at the beginning of processing in that department. Data for May for
the first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process
inventory, May 1
53,000
100
%
30
%
Work in process inventory, May
31
33,000
100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Units 81,000 61,000 Work in process inventory, May 1 Work in process inventory, May 31 Materiale cont in work in process inventory, May 1...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Units Units Materials Conversion Work in process inventory, May 1 65,000 100 % 30 % Work in process inventory, May 31 45,000 100 %...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Percent Complete Units Materials Conversion Work in process inventory, May 1 70,000 100 % 40 % Work in process inventory, May 31 50,000 100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Percent Complete Units Materials Conversion Work in process inventory, May 1 63,000 100 % 50 % Work in process inventory, May 31 43,000 100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Percent Complete Units Materials Conversion Work in process inventory, May 1 77,000 100 % 30 % Work in process inventory, May 31 57,000 100...
Helix Corporation produces prefabricated flooring in a series of
steps carried out in production departments. All of the material
that is used in the first production department is added at the
beginning of processing in that department. Data for May for the
first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process inventory, May 1
60,000
85
%
50
%
Work in process inventory, May 31
40,000
60
%
30
%
Materials cost in work in process...
Helix Corporation produces prefabricated flooring in a series of
steps carried out in production departments. All of the material
that is used in the first production department is added at the
beginning of processing in that department. Data for May for the
first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process inventory, May 1
54,000
85
%
50
%
Work in process inventory, May 31
34,000
60
%
30
%
Materials cost in work in...
Helix Corporation produces prefabricated flooring in a series of
steps carried out in production departments. All of the material
that is used in the first production department is added at the
beginning of processing in that department. Data for May for the
first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process inventory, May 1
54,000
85
%
50
%
Work in process inventory, May 31
34,000
60
%
30
%
Materials cost in work in...
Helix Corporation uses the weighted-a steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow uces prefabricated flooring in a series of Work in process inventory, May 1 Work in process inventory, May 31 Materials conversion cost in work in process inventory, May 1 Units started into productiorn Units transferred to the next...
Helix Corporation uses the weighted-average method in its
process costing system. It produces prefabricated flooring in a
series of steps carried out in production departments. All of the
material that is used in the first production department is added
at the beginning of processing in that department. Data for May for
the first production department follow:
Percent Complete
Units
Materials
Conversion
Work in process
inventory, May 1
53,000
100
%
30
%
Work in process inventory, May
31
33,000
100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Units 81,000 61,000 Work in process inventory, May 1 Work in process inventory, May 31 Materiale cont in work in process inventory, May 1...
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