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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Exercise

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Exercise 5-8 (Algo) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- 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 Return to question 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 Unite transferred to the next production department, Materials cost added during May Conversion cost added during May Required: Percent Complete Units Materials 73,000 53,000 100% 100% Conversion 50% 30 $ 57,900 $17,000 251,200 271,200 $120,410 $244,261 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 is complete but not entirely correct. Complete this question by entering your answers in the tabs below. -Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. iais and conversion for May. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, und in total for May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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 100 30 Required 2 > < Prev 2 of 5 Next >

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