Average Method [LO5-2, LO5-3, LO5-4] 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: Work in process inventory, May 1 Work in process inventory, May 31 Units Materials 76,000 Percent Complete Conversion 100% 40% 56,000 100% 25% Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 $ 60,000 $ 17,800 Units started into production Units transferred to the next production department Materials cost added during May 258,000 278,000 $ 133,720 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. 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.) Materials Cost per equivalent unit Conversion