1) Equivalent unit
Material | Conversion | |
Unit transferred out | 286000 | 286000 |
Ending work in process | 60000 | 60000*20% = 12000 |
Equivalent unit | 346000 | 298000 |
2) Cost per equivalent unit
Material | Conversion | |
Beginning WIP | 62400 | 19000 |
Cost added | 152120 | 273040 |
Total cost | 214520 | 292040 |
Equivalent unit | 346000 | 298000 |
Cost per equivalent unit | 0.62 | 0.98 |
3) Cost of ending work in process
Material | Conversion | Total | |
Cost of ending WIP | 60000*.62 = 37200 | 12000*.98 = 11760 | 48960 |
4) Cost of unit transferred out
Material | Conversion | Total | |
Cost of unit transferred out | 286000*.62 = 177320 | 280280 | 457600 |
Method (L04-2, L04-3, L04-4) Helix Corporation uses the weighted average method in its process costing system....
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...
Chapter 4 Method [LO4-2, LO4-3, L04-4) 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 64.000 44,000 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost...
3 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: 6 points Units 74,000 54,000 30% eBook Percent Complete Materials Conversion 100% 100% 20% $ 58,800 $ 17,500 262,400 282,400 $ 143,040...
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 76,00 56,000 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May...
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 62,000 42,000 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May...
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 60,000 40,000 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May...
Check my work 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: points Units 5,000 10,000 eBook Percent Complete Materials Conversion 100 % 40 % 100 % 30 % $ 1,500 $...
Homework Saved 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 5,000 10,000 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process...
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 74,000 54,000 Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May...