HELP PLEASE!!!!
1.
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:
| | Units | Percent Complete |
| Materials | Conversion |
| Work in process inventory, May 1 | 66,000 | 100% | 50% |
| Work in process inventory, May 31 | 46,000 | 100% | 30% |
| Materials cost in work in process inventory, May 1 | | | $ 53,900 |
| Conversion cost in work in process inventory, May 1 | | | $ 15,400 |
| Units started into production | | | 248,400 |
| Units transferred to the next production department | | | 268,400 |
| Materials cost added during May | | | $ 103,300 |
| Conversion cost added during May | | | $ 221,648 |
Required:
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.
2. Scribners Corporation produces fine papers in three production departmentsPulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and spooled onto reels. The company uses the weighted-average method in its process costing system. Data for March for the Drying Department follow:
| | Units | Percent Completed |
| Pulping | Conversion |
| Work in process inventory, March 1 | 2,800 | 100% | 80% |
| Work in process inventory, March 31 | 6,000 | 100% | 75% |
| Pulping cost in work in process inventory, March 1 | | | $ 1,470 |
| Conversion cost in work in process inventory, March 1 | | | $ 980 |
| Units transferred to the next production department | | | 158,000 |
| Pulping cost added during March | | | $ 88,730 |
| Conversion cost added during March | | | $ 62,395 |
No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department.
Required:
1. Compute the Drying Department's equivalent units of production for pulping and conversion in March.
2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March.
3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March.
4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March.
5. Prepare a cost reconciliation report for the Drying Department for March.
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 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May Equivalent units of production Percent Complete Conversion 50% 304 Units Materials 66,000 46,000 Materials Required: 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. 100% 100% Required 1 Required 2 Required 3 Required 4 Calculate the first production department's equivalent units of production for materials and conversion for May Conversion Required 2 > $ 53,900 $ 15,400 248,400 268,400 $ 103,300 $ 221,648 Check my work 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. Required 1 Required 2 Required 3 Required 4 Compute the first production department's cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places) Cost per equivalent unit Materials Conversion Required 1 Required > hay Work in process inventory, May 31 Materials cast in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May Complete this question by entering your answers in the tabs below. 66,000 46,000 Cost of ending work in process inventory Required: 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. $ 53,900 $ 15,408 248,400 268,400 $ 103,300 $ 221,648 May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 11 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May 46,000 Complete this question by entering your answers in the tabs below. Cost of units completed and transferred out Required: 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 300 158,000 $ 88,730 $ 62,395 No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March. 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March. 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below. Equivalent units of production Required 1 Requi2 Required 3 Required 4 Required 5 Required 2 Compute the Drying Department's equivalent units of production for pulping and conversion in March. Pulping Conversion Help Save & Exit Submit Check my work Conversion cost in work in process inventory, march 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March. 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March. 5. Prepare a cost reconciliation report for the Drying Department for March Complete this question by entering your answers in the tabs below. Required 1 Requiled 2 Required 3 Required 4 Required 5 Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. (Round your answers to 2 decimal places.) Cost per equivalent unit Pulping > YOU 158,000 $ 88,738 $ 62,395 Conversion
Check my work conversion cost in work in process inventory, narcn4 Units transferred to the next production department Pulping cost added during March Conversion cost added during March No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March, 5. Prepare a cost reconciliation report for the Drying Department for March. Department's cost of ending work in process inventory for pulping, conversion, and in total for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requiled 3 Required 4 Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March. (Round your intermediate calculations to 2 decimal places.) Cost of ending work in process inventory Pulping Check m Lonversion cost in work in process inventory, march 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Saved No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March. 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March, 5. Prepare a cost reconciliation report for the Drying Department for March. Complete this question by entering your answers in the tabs below. Cost of units completed and transferred out > 700 158,000 $ 88,730 $ 62,395 Required 1 Required 2 Required 3 Required 4 Required 5 Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March. (Round your intermediate calculations to 2 decimal places.) Pulping Conversion Total Help Save & Ex Che Pulping cost added during March Conversion cost added during March No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Complete this question by entering your answers in the tabs below. Required: 1. Compute the Drying Department's equivalent units of production for pulping and conversion in March. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March. 3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March 4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in totalin March. 5. Prepare a cost reconciliation report for the Drying Department for March Required 1 Required 2 Required 3 Required 4 Required S Prepare a cost reconciliation report for the Drying Department for March. (Round your intermediate calculato 2 decimal places.) Costs to be accounted for Drying Department Cost Reconciliation Total cost to be accounted for Costs accounted for as follows Total cost accounted for $ 85,730 $ 62,395 2N2 11 Help Next Save & Exit Submit Check my work
