Question

Helix Corporation uses the weighted-a 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 uces prefabricated flooring in a series of Work in process inventory, May 1 Work in process inventory, May 31 Materials conversion cost in work in process inventory, May 1 Units started into productiorn Units transferred to the next production department Naterials cost added during May Conversion cost added during May 73,000 53,000 100 100 % 50 t 30% 57,900 $ 17,000 251,200 271,200 $ 120,410 244,261 cost in work in process inventory, May 1 Required 1. Calculate the first production department's equivalent units of production for materials and co 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. for May. Complete this question by entering your answers in the tabs below. < Prey 4016 Next>

Answer 1

Requirement 1
                                                       Materials          conversion
Equivalent unit of production    324,200              287,100

Calculation:-
Weighted average method
                                                      Materials          conversion
Unit transfer to next
      Production department       271,200                271,200
Ending work in process:
Materials-53000× 100%complete   53000
Conversion- 53000× 30%complete                          15,900
Equivalent unit of production        324,200            287,100


Requirement 2
                                                      Materials       conversion
Cost per equivalent unit            0.55                 0.91

Calculation:-
                                                     Materials       conversion
Cost of beginning work in-
                                 Process      $57,900          $17,000
Cost added during the period   120,410            244,261
Total cost (a)                              $178,310         $261,261
Equivalent unit of production(b)324,200          287,100
Cost per equivalent unit(a)÷(b) 0.55                 0.91

Requirement 3
                                                 Materials     conversion total
Cost of ending work in
   Process inventory               $29,150       $14,469     43,619

Calculation:-
                                                 Materials      conversion
Ending work in inventory
Equivalent unit of production 53000          15900
Cost per equivalent                   0.55             0.91
Cost of ending work in             29,150         14,469
Process inventory

Requirement 4
                                                   Materials   conversion total
Cost of unit completed and
transferred out                    149,160      246,792    395,952

Calculation:-                             Materials     conversion
Unit transfer to next               271,200         271,200
Cost per equivalent                    0.55              0.91
Cost of unit completed and       149,160         246,792
transferred out