Please help me to answer all the three parts in this question fully. Also my teacher wants ts us to fill out this chart bellow that she already made.

EXERCISE 48 Equivalent Units and Cost per Equivalent UnitWeighted-Average Method [LO42,

LO43, LO44]

Helix Corporation 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,000

Units transferred to the next production department . . . . . . . . . . . . 175,000

Materials cost added during May . . . . . . . . . . . . . . . . . . . . . . . . . . . $54,000

Conversion cost added during May . . . . . . . . . . . . . . . . . . . . . . . . . $352,000

Required:

1.Assume that the company uses the weighted-average method of accounting for units and

costs. Determine the equivalent units for May for the first process.

2. Compute the costs per equivalent unit for May for the first process.

3. Determine the total cost of ending work in process inventory and the total cost of units transferred

to the next process in May.

Can you please fill it up in this chart. THank you so much for your help.

abc wrap Text General Fill calibri (Body) 11 nt 2 Merge 3 Conditional Normal Paste Clear B I U Formatti Weighted Average method: Equivalent Units of Production 6 Ending work in process inventory: Materials 9 Equivalent units of production 10 Costs per Equivalent Unit Materials Conversion 12 13 Cost of beginning work in process inventory 14 Costs added during the period 15 Total cost 16 Equivalent units of production 17 Cost per equivalent unit 18 19 Costs of Ending Work in Process Inventory and the Units Transferred out 20 Conversion 21 Ending work in process inventory: 22 Equivalent units of production Cost per equivalent unit 23 24 Cost of ending work in process inventory 25 26 27 Units transferred to the next department 28 Cost per equivalent unit 29 Cost of units transferred out 30 31 32 33 34 35 36 37 38 39 40 41 42 Delete Formal Th Aa Themes