Question

ek 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 Percent Complete Units Work in process Inventory, May 1 Materials Conversion 62,000 100% 301 Work in process inventory, May 31 42,800 100% 20% Materials cost in work in process inventory, May 1 $ 51,300 Conversion cost in work in process inventory, May 1 $ 14,000 Units started into production 255.200 Units transferred to the next production department 275,200 Materials cost added during May $ 91,440 Conversion cost added during May $ 209,146 ak 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

Units to amount for lul Conversion Matual 7. Uneti 62000 Beg: WIP 255200 Started in procen 317200 Total unts to ale for 100 275200 Units akfor Started and completed 275200 275200 42000 201 8400 42000 100 283 600 317200 Ending WIP Equivalent with of proan 317200 Total conversion cost Dirut materials 14,600 Begg 209444 51,300 aliquo 142740 the period 224ouy Cost per equivalentuna Inventory in procen Cost added during Total costs to amount for CA) Total equivalent units (B) Cost pe equivalent unit CA/BI 3,17,200 2,83,600 0.79 0.45 Matuials 317200 conversion 283600 0.79 0.45 217408 123840 & 1) Equivalent units of prodn 2) cost per equivalent und units completed 3) cost of ending wip trausfend out 275200 4) cost of ending WIP 6636 18,900 (42000*0.45) ( 84 0 x 0 791