Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HELP WITH ALL 4 PLZ! 6 Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO4-2, LO4-3, LO4-4] 2 points Helix
HELP WITH ALL 4 PLZ!
6 Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO4-2, LO4-3, LO4-4] 2 points 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 eBook Units 5,000 10,000 Hint 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 Percent Complete Materials Conversion 100 100 30 $ 1,500 4,000 180,000 175.000 $ 54,00 5 352,00 Print References 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. Required 1 Required 2 Required 3 Required 4 Calculate the first production department's equivalent units of production for materials and conversion for May Materials Conversion Equivalent units of production Required 2 > Rogue 6 Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO4-2, LO4-3, L04-4) 2 points 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 eBook Unies 5.000 10,000 Percent Complete Materials Conversion 100 30 5 1.500 Hint Work in process inventory, May 1 Work in process Inwestory, May 31 Materials cost in work in process imentary, 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 180.000 135.0 S 14.00 $352, Prin e References 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. Required 2 Required 1 Required 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.) Materials Conversion Cost per equivalent unit Sed 6 Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method (L04-2, L04-3, L04-4) 2 points eBook 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 Percent Complete Units Materials Conversion Work in process Inventory, May 1 5,000 100 40 Work in process inventory, May 31 10,000 100% 30 Materials cost in work in process inventory, May 1 1,500 Conversion cost in work in process inventory, May 1 4,000 Units started into production 100,000 Units transferred to the next production department 175.000 Materials cost added during May Conversion cost added during May $ 352.000 $ Hint 5 Pro References 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. Required 1 Required 2 Required a Required 4 Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May Materials Conversion Total Cost of ending work in process inventory Login | ADP Word TRANSTAR > Nations Lending Se... group/ Elie Mincomp Home - SiteXPro WF TMUBMUSO1OY Ingelerate - Login 2 illow. Real Estate Ch. 4: Homework Saved 6 Exercise 4-8 Equivalent Units; Cost per Equivalent Unit: Assigning Costs to Units-Weighted-Average Method [LO4-2, LO4-3, LO4-4) points eBook 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 Percent complete Units Materials Conversion Work in process Inventory, May 1 5,000 100 40 Work in process Inventory, May 31 10,000 100 Materials cost in work in process inventor May 1 1,500 Conversion cost in work in process Inventory, May 1 4.000 Units started into production 180. Units transferred to the next production department 175,000 Materials cost added during May $ 54,00 Conversion cost added during May 352.000 Hint Print o References 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. Required 1 Required 2 Required 3 Required 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. Materials Conversion Total Cost of units completed and transferred out Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started