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Exercise 4-8 (Algo) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Average Method (L04-2, LO4-3, L04-4) OK mt 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 67,000 100% 304 Work in process inventory, May 31 47,000 100 204 Materials cost in work in process inventory, May 1 $ 54,480 Conversion cost in work in process inventory, May 1 $ 15,900 Units started into production 258,200 Units transferred to the next production department 278,200 Materials cost added during May $ 108,200 Conversion cost added during May $228,560 ences 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 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 Nequired Required 2 > Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Required 3 Required 4 Compute the first production department's cost per equivalent unit for materials and conversion for May. (Round your a to 2 decimal places.) Materials Conversion Cost per equivalent unit Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Compute the first production department's cost of ending work in process inventory for materials, conver May. (Round your intermediate calculations to 2 decimal places.). Materials Conversion Total Cost of ending work in process inventory