a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. b. Hercules uses weighted-average process costing. c. The May 1 work in process was 25 percent complete as to conversion. d. The May 31 work in process was 60 percent complete as to conversion. Required: Compute the missing amounts, and prepare the firm's May production report. Complete this question by entering your answers in the tabs below. Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the missing values from the table given above. (Round "Cost per equivalent unit" to 2 decimal places.) Work in process, May 1 (in units) Units completed and transferred out during May Total equivalent units: conversion Work in process, May 1: conversion Costs incurred during May: direct material Cost per equivalent unit: conversion 5 of 12 1 Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the Equivalent Units. Equivalent Units Physical Units Direct Material Conversion Units completed and transferred out during May Work in process, May 31 Total units accounted for Total equivalent units Complete this question by entering your answers in the tabs below. Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the total cost of ending work-in-process. (Round "Cost per equivalent unit" to 2 decimal places.) Number of Cost per Equivalent Units Equivalent Unit Total Cost Cost of goods completed and transferred out during May Cost remaining in May 31 work-in-process inventory: Direct material Conversion Total cost of May 31 work-in-process Complete this question by entering your answers in the tabs below. Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the Cost per EU. (Round "Cost per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Work in process, May 1 Costs incurred during May Total costs to account for Equivalent units Costs per equivalent unit a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. b. Hercules uses weighted-average process costing. c. The May 1 work in process was 25 percent complete as to conversion. d. The May 31 work in process was 60 percent complete as to conversion. Required: Compute the missing amounts, and prepare the firm's May production report. Complete this question by entering your answers in the tabs below. Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the missing values from the table given above. (Round "Cost per equivalent unit" to 2 decimal places.) Work in process, May 1 (in units) Units completed and transferred out during May Total equivalent units: conversion Work in process, May 1: conversion Costs incurred during May: direct material Cost per equivalent unit: conversion 5 of 12 1 Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the Equivalent Units. Equivalent Units Physical Units Direct Material Conversion Units completed and transferred out during May Work in process, May 31 Total units accounted for Total equivalent units Complete this question by entering your answers in the tabs below. Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the total cost of ending work-in-process. (Round "Cost per equivalent unit" to 2 decimal places.) Number of Cost per Equivalent Units Equivalent Unit Total Cost Cost of goods completed and transferred out during May Cost remaining in May 31 work-in-process inventory: Direct material Conversion Total cost of May 31 work-in-process Complete this question by entering your answers in the tabs below. Missing Values Equivalent Units Cost per EU Total Cost of End WIP Calculate the Cost per EU. (Round "Cost per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Work in process, May 1 Costs incurred during May Total costs to account for Equivalent units Costs per equivalent unit
