Exercise 4-8 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO4-2, LO4-3, LO4-4]

Helix Corporation 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:

		Percent Complete
	Units	Materials			Conversion
Work in process inventory, May 1	64,000	100	%		40	%
Work in process inventory, May 31	44,000	100	%		25	%
Materials cost in work in process inventory, May 1				$	52,400
Conversion cost in work in process inventory, May 1				$	15,100
Units started into production					252,000
Units transferred to the next production department					272,000
Materials cost added during May				$	356,260
Conversion cost added during May				$	216,960

Required:

1.	Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first process.

	total
Cost of ending work in process inventory
Cost of units completed and transferred out

2.	Compute the costs per equivalent unit for May for the first process. (Round your answers to 2 decimal places.)

	Materials	Conversion
Cost per Equivalent Unit

3.	Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in May. (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole number.)

	Materials	Conversion
Equivalent Units of Production