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Mail - Ashley. Marq... Student Login Trid... Employee Self-Servi... Login Salesforce © Home > CNSSS : Home Trident Main Site. Calendar - Events - Exam 1: Chapters 1-5 Submitted 77.8/100 Total points awarded Help Exir 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: 2/20 points awarded Units 68,000 48,000 Percent Complete Materials Conversion 100% 30 % 100 % 20 % $ 55, eee $ 16,100 258,800 278, 800 $ 108,400 $ 231,924 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May Scored eBook References Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May Camnlate this lieetinn hu enterinn nur aneware in the tahe halow < Prev 5 of 5 !!! MC Next > Graw 1/26/ O Type here to search

can you please show me how you arrive to the answers required 1,2,3, and 4. thanks

Answer 1

Units charged to production:
Work in process, Beginning			60000
Units added during the period			258800
Total units to be accounted for			318800
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Units completed during the period	278800	278800	278800
Ending, work in process	48000	48000	9600
Total units to be assigned costs	318800	326800	288400	[1]
Cost Information
Cost per equivalent unit:
		Direct Materials	Conversion	Total Cost
Beginning working in process		$       55,000	$      16,100	$             71,100
Costs added during the month		$    1,08,400	$   2,31,924	$          3,40,324
Total costs to be accounted for		$    1,63,400	$   2,48,024	$          4,11,424
Total equivalent units		326800	288400
Cost per equivalent unit		$          0.50	$         0.86	[2]
Costs assigned to production:
		Direct Materials	Conversion	Total
Cost of units completed and transferred		$    1,39,400	$   2,39,768	$          3,79,168	[4]
Ending work in process inventory		$       24,000	$        8,256	$             32,256	[3]
Total costs assigned		$    1,63,400	$   2,48,024	$          4,11,424