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Helix Corporation uses the weighted - average method of process costing. It produces prefabricated flooring in a series of steps carried out in production departments.
Helix Corporation uses the weightedaverage method of process costing. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material 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:
Units Percent Complete
Materials Conversion
Work in process inventory, May
Work in process inventory, May
Materials cost in work in process inventory, May $
Conversion cost in work in process inventory, May $
Units started into production
Units transferred to the next production department
Materials cost added during May $
Conversion cost added during May $
Required:
For May:
Calculate the first production department's equivalent units of production for materials and conversion.
Compute the first production department's cost per equivalent unit for materials and conversion.
Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total.
Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total.
Helix Corporation uses the weightedaverage method of process costing. It produces prefabricated flooring in a
series of steps carried out in production departments. All of the material 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:
Required:
For May:
Calculate the first production department's equivalent units of production for materials and conversion.
Compute the first production department's cost per equivalent unit for materials and conversion.
Compute the first production department's cost of ending work in process inventory for materials, conversion, and
in total.
Compute the first production department's cost of the units transferred to the next production department for
materials, conversion, and in total.
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