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EXERCISE 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method 2LO4-2, 2 LO4-3, 2 LO4-4 Helix Corporation uses the weighted-average method of process costing. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material 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 175,00 Materials cost added during May $54,000 Conversion cost added during May $352,000 Required: For May 1. Calculate the first production department's equivalent units of production for materials and conversion. 2. Compute the first production department's cost per equivalent unit for materials and conversion. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total. PROBLEM 4-15 Comprehensive Problem-Weighted-Average Method LO4-2, LO4-3, LO4-4, LO4-5 Sunspot Beverages, Lid., of Fiji uses the weighted-average method of process costing. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. Percent Completed Units Materials Conversion Work in process, beginning 20,000 100% 75% Started into production 180,00 Completed and transferred out 160,000 Work in process, ending 40,000 100% 25% Materials Conversion Work in process, beginning $25,200 $24,800 Cost added during June $334,800 $238,700 Required: Page 177 For June: 1. Calculate the Blending Department's equivalent units of production for materials and conversion. 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total. 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total. 5. Prepare a cost reconciliation report for the Blending Department