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this is all one question Helix Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of
this is all one question
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 Unita Materials Conversion Work in process inventory, May 1 77,000 1000 300 Work in process inventory, May 31 57,000 1000 201 Materials cost in work in process inventory, May 1 $ 60,600 Conversion cost in work in process inventory, May 1 $ 18,200 Units started into production 264,200 Units transferred to the next production department 284,200 Materials cost added during May $ 127,060 Conversion cost added during May $ 262,620 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. Check my work Percent Complete Units Materials Conversion Work in process inventory, May 1 77,000 1001 300 Work in process inventory, May 31 57,000 1001 200 Materials cost in work in proces inventory, May 1 $ 60,600 Conversion cont in work in process inventory, May 1 $ 18,200 Units started into production 264,200 Units transferred to the next production department 294,200 Materials cost added during May $ 127,060 Conversion cont added during May $ 262,620 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, Materials Conversion Equivalent units of production Required Required 2 > Check my Percent Completo Unita Materials Conversion Work in process inventory, May 1 77,000 1000 301 Work in proceso inventory, May 31 57,000 1001 205 Materials cost in work in process inventory, May 1 $ 60,600 Conversion cost in work in process inventory, May 1 $ 18,200 Units started into production 264,200 Units transferred to the next production department 284,200 Materials cost added during May $ 127,060 Conversion cost added during May $ 262,620 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, conversio and in total for May Complete this question by entering your answers in the tabs below. 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 answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Check Percent Complete Units Materials Conversion Work in process inventory, May 1 77,000 1001 308 Work in process inventory, May 31 57,000 1001 20$ Materials cost in work in process inventory, May 1 $ 60,600 Conversion cost in work in process inventory, May 1 $ 18,200 Units started into production 264,200 Units transferred to the next production department 284,200 Materials cost added during May $ 127,060 Conversion cont added during May $ 262,620 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 4. Compute the first production department's cost of the units transferred to the next production department for materials, conve and in total for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the first 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) Materials Conversion Total Cost of ending work in process inventory Check Percent Complete Units Materials Conversion Work in process inventory, May 1 77,000 1001 301 Work in process inventory, May 31 57,000 1001 201 Materials cost in work in process inventory, May 1 $ 60,600 Conversion cost in work in process inventory, May 1 $ 18,200 Unite started into production 264,200 Units transferred to the next production department 284,200 Materials cost added during May $ 127,060 Conversion cost added during May $ 262,620 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 4. Compute the first production department's cost of the units transferred to the next production department for materials, conva and in total for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 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. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Cost of units completed and transforred out Step by Step Solution
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