Reyn w of costs through the two processing departments during April. Units: Cost per Equivalent Unit: Assigning Costs to Units-Weighted Averas Prepare journal entries sho EXERCISE 5-8 Equivalent Units: C Method L05-2, L05-3, LO5-4 Helix Corporation uses the weigh cated flooring in a series of steps carr ted-average method in its process costing system. It produces prefabri- as of steps carried out in production departments. All of the material that is used in is added at the beginning of processing in that department. Data for May the first production department is added at the beginn for the first production department follow: Units Percent Complete Materials Conversion Work in process inventory, May 1 ...... 5,000 Work in process inventory, May 31. ... 100% 40% 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 MOV $54,000 Conversion cost added during me ......... $352,000 Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May 4. 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. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May. XERCISE 5-9 Fruivalent Units and Cost per Equivalent Unit-Weighted Average Method L05-2