Helox, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for: Work in process, April 1 (60% materials, 75% conversion cost added last month) Started into production Total units 29,000 207,000 236,000 Costs in the beginning work-in-process inventory of the first processing department were materials, $5,800; and conversion cost, $19,600. Costs added during the month were materials, $92,000; and conversion cost, $466,020. Required: 1. Assume that the company uses the weighted average cost method of accounting for units and costs. Determine the equivalent units for the month for the first process. Quantity Schedule Materials Equivalent Units (EU) Conversion Units accounted for as follows: Transferred to the next process 224,200 Work in process, May 31 (all materials, 60% conversion 11,800 cost added this month) Total units and equivalent units of production 236,000 2. Compute the costs per equivalent unit for the month for the first process. (Round your answers to 3 decimal places.) Materials Cost per equivalent unit Conversion Whole Unit Helox, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for: Work in process, May 1 (all materials, 40% conversion cost added last month) 20,500 Started into production 181,500 Total units 202,000 Equivalent Units (EU) Materials Conversion Units accounted for as follows: Transferred to the next process 191,900 191,900 191,900 Work in process, May 31 (all materials, 60% conversion cost added this month) 10,100 Total units 202,000 10,100 202,000 6,060 197,960 Costs in the beginning work-in-process inventory of the first processing department were materials, $4,100, and conversion cost, $14,500. Costs added during the month were materials, $58,000, and conversion cost, $366,230. Required: Complete the following cost reconciliation for the first process: (Round intermediate calculations to 3 decimal places and final answers to the nearest dollar amount.) Cost accounted for as follows: Transferred to the next process Work in process, May 31: Materials Conversion Total work in process Total units Cost Reconciliation Total Cost Equivalent Units (EU) Materials Conversion Chocolaterie de Geneve, SA is located in a French-speaking canton of Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments: Cooking and Moulding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Moulding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into moulds, and decorative flourishes are carved by hand. After cooling, the truffles are packed for sale. The company uses a process costing system. The following T-accounts show the flow of costs through the two departments in April (all amounts are in Swiss francs): Bal. April 1 Direct materials Direct labour Overhead Required: Work in Process-Cooking Work in Process-Moulding $8,900 Transferred out 45,600 59,000 88,500 $163,600 Bal. April 1 Transferred in Direct labour Overhead $ 4,900 Transferred out 163,600 $273,000 38,700 66,500 1. Prepare journal entries showing the flow of costs through the two processing departments during April. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list