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: Percent Complete Units Materials Conversion Work in process inventory, May 1 69,000 100% 508 Work in process inventory, May 31 49,000 100 30 Materials cost in work in process inventory, May 1 $ 55,600 Conversion cost in work in process inventory, May 1 $ 16,100 Units started into production 249,600 Units Iransferred to the next production department 269,600 Materials cost added during May $ 87,770 Conversion cost added during May $231,241 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

Answer 1

Cost of ending work in process Material Conversion Total 99050 12789 34839 cost of ending work in process inventory ( 49000 X-95) (1490x89) © 355080 Cost of nitrompleted 121,050 234030 and tromsfeued out ( 28900x45) (289000 X 87)