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 55,000 35,000 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% 40% 100% 25% $ 47,100 $ 12,900 247,500 267,500 $ 64,825 $ 186,000 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.

Answer 1

1
	Materials	Conversion
Units completed and transferred out	267500	267500
Work in process, ending:
35000 X 100%	35000
35000 X 25%		8750
Equivalent units of production	302500	276250
2
	Materials	Conversion
Work in process, May 1	47100	12900
Cost added during May	64825	186000
Total costs	111925	198900
Divide by Equivalent units of production	302500	276250
Cost per Equivalent unit	0.37	0.72
3
	Materials	Conversion	Total
Work in process, ending units	35000	8750
X Cost per Equivalent unit	0.37	0.72
Cost of ending work in process inventory	12950	6300	19250
4
	Materials	Conversion	Total
Units completed and transferred out	267500	267500
X Cost per Equivalent unit	0.37	0.72
Cost of Units completed and transferred out	98975	192600	291575