Question

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 53,000 33,000 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 Percent Complete Materials Conversion 100 % 30 % 100 % 20 % $ 46, 100 $ 12,400 249,800 269,800 $ 59,830 $ 178, 316 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the first production department's equivalent units of production for materials and conversion for May Materials Conversion Equivalent units of production Renginio Required 2 >

all 4 requirements with explainations please

Answer 1

1)
	Units	% of Completion	Equvalent Units of Production - Materials	% of Completion	Equvalent Units of Production -Conversion
Unit transferred out	269,800	100%	269,800	100%	269,800
Ending work in process	33,000	100%	33,000	20%	6,600 (33,000 x 20% )
Total units	302,800		302,800		276,400
	Materials	Conversion
Equivalent units of production	302,800	276,400
2)
Particulars	Materials	Conversion
Cost of Work in Process inventory - Beginning	$ 46,100	$ 12,400
Add: Cost added during March	$ 59,880	$ 178,316
Total Cost	$ 105,980	$ 190,716
/ Equivalent units of production	302,800	276,400
Cost per Equivalent unit	$ 0.35	$ 0.69
3)
	Materials	Conversion	Total
Cost of Ending work in process inventory	$ 11,550 ( 33,000 x $ 0.35 )	$ 4,554 ( 6,600 x $ 0.69 )	$ 16,104
4)
	Materials	Conversion	Total
Cost of units transferred out	$ 94,430 ( 269,800 x $ 0.35 )	$ 186,162 ( 269,800 x $ 0.69 )	$ 280,592