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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.
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 ok Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 nt Units started into production K Units transferred to the next production department Materials cost added during May t nces Units 56,000 Percent Complete Materials 100% Conversion 30% 36,000 100% 20% $ 48,000 $ 13,200 251,600 271,600 $ 68,888 Conversion cost added during May Required: $ 190,324 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. Dequired 1 Dequired 2 Dequired 2 Dequired 1 20220211 195802 ing 20230311 201850.jpg < Prev 5 of 5 Next 1678638514947 (1).jpg IMG_20230312 09....jpg IMG_20 and in total for May. 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 20230311_195802.jpg 20230311_201850.jpg Search Required 2 > 1678638514947 (1).jpg < C IMG_2023031
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