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Please help me solve this question. It's from a managerial accounting class. Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Average

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Please help me solve this question. It's from a managerial accounting class.

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Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Average Method [LO4-2, LO4-3, LO4-4] Helix Corporation uses the weightedaverage method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All ofthe 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 61,000 100 % 40% Work in process inventory, May 31 41,000 100 % 25 % Materials cost in work in process inventory, May 1 $ 50,700 Conversion cost in work in process inventory, May 1 $ 14,200 Units started into production 250,500 Units transferred to the next production department 270,500 Materials cost added during May $ 83,245 Conversion cost added during May S 204,785 ' 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. Equivalent units of production - - Required 1 Required 2 Required 3 Required 4 Compute the rst production department's cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Cost per equivalent unit - - Compute the rst production department's cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Cost of ending work in process inventory Compute the rst production department's cost of the units transferred to the next production department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Cost of units completed and transferred out _ _ _

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