Question

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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.

Answer 1

1) Equivalent unit

	Whole Unit	% material	EUP-Material	% conversion	EUP-Conversion
Unit transferred out	267500	100%	267500	100%	267500
Ending WIP	35000	100%	35000	25%	8750
Total	302500		302500		276250

2) Cost per equivalent unit

	Material	Conversion
Beginning WIP	47100	12900
Cost added	64825	186000
Total Cost	111925	198900
Equivalent unit	302500	276250
Cost per equivalent unit	0.37	0.72

3) Cost of ending WIP

	Material	Conversion	Total
Cost of Ending WIP	35000*.37 = 12950	8750*.72 = 6300	19250

4) Cost of unit transferred out

	Material	Conversion	Total
Cost of unit transferred out	267500*.37 = 98975	192600	291575