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Homework: Chapter 5 4 13 points Book H Saved Help Exit Submit Check my work Helix Corporation uses the weighted-average method in its process
Homework: Chapter 5 4 13 points Book H Saved Help Exit Submit Check my work 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 coat in work in process investory, May 1 Units started into production Print References Units transferred to the next production department Materiala cost added during May Conversion cost added during May Percent Complete Units Materials 59,000 Conversion 100% 39.000 100% 30% 20% $ 49,600 $13,900 253,400 273,400 59,740 199,812 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.
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