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 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 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materiale cont added during May Conversion cost added during May Percent Complete Materials Conversion 1000 500 1001 300 $ 63,000 $ 18,800 254,400 274,400 $ 155,010 $ 270,973 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. Requires 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 Required 1 Required 2 >

Answer 1

1
	Materials	Conversion
Units completed and transferred out	274400	274400
Work in process, ending:
61000 X 100%	61000
61000 X 30%		18300
Equivalent units of production	335400	292700
2
	Materials	Conversion
Work in process, May 1	63000	18800
Cost added during May	155010	270973
Total costs	218010	289773
Divide by Equivalent units of production	335400	292700
Cost per Equivalent unit	0.65	0.99
3
	Materials	Conversion	Total
Work in process, ending units	61000	18300
X Cost per Equivalent unit	0.65	0.99
Cost of ending work in process inventory	39650	18117	57767
4
	Materials	Conversion	Total
Units completed and transferred out	274400	274400
X Cost per Equivalent unit	0.65	0.99
Cost of Units completed and transferred out	178360	271656	450016