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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
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 fors Work in process, April 1 (ex materials, 75% conversion cost added last month) Started into production Total units 20,000 180,000 200,000 Costs in the beginning work in process inventory of the first processing department were materials. $4.000, and conversion cost, $14,200. Costs added during the month were materials, $56.000, and conversion cost $360,360. 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 Equivalent Units (EU) Materials Conversion 190.000 Units accounted for as follows Transformed to the next process Work in process, May 31 (al materials 80 conversion cost added this month 10.000 200 000 2. Compute the costs per equivalent unit for the month for the first process. (Round your answers to 3 decimal places) Materials Conversion Whole Unit Cost per equivalent unit
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