Question
15 5 Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out
15 5 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: points eBook 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 Hint Units transferred to the next production department Materials cost added during May Conversion cost added during May Percent Complete Units Materials 76,000 Conversion 100% 40% 56,000 100% 25% $ 60,000 $ 17,800 258,000 278,000 $ 133,720 $ 256,680 Ask Print 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. References Required 1 Required 2 Required 3 Required 4 Calculate the first production department's equivalent units of production for materials and conversion for May. Equivalent units of production Materials Conversion 5 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: 5 Dints Work in process inventory, May 1 eBook 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 Hint Percent Complete Units Materials 76,000 Conversion 100% 56,000 100% 40% 25% $ 60,000 $ 17,800 258,000 278,000 $ 133,720 Ask - Print Conversion cost added during May Required: $ 256,680 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. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the first production department's cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Cost per equivalent unit Materials Conversion < Required 1 Required 3 > 5 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: 5 oints Work in process inventory, May 1 Work in process inventory, May 31 eBook Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Hint Units transferred to the next production department Materials cost added during May Conversion cost added during May Percent Complete Units Materials 76,000 56,000 100% 100% Conversion 40% 25% $ 60,000 $ 17,800 258,000 278,000 $ 133,720 $ 256,680 Ask Print 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. References Required 1 Required 2 Required 3 Required 4 Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory < Required 2 Required 4 > 15 5 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: points eBook 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 Hint Units transferred to the next production department Materials cost added during May Conversion cost added during May Percent Complete Units Materials 76,000 Conversion 100% 40% 56,000 100% 25% $ 60,000 $ 17,800 258,000 278,000 $ 133,720 $ 256,680 Ask Print 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. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 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. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Cost of units completed and transferred out < Required 3 Required 4 > Total
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