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This question has four parts 20 Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of
This question has four parts
20 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: Tercent Complete Unito Materials Conversion Work in process inventory, May 1 58,000 1000 408 Work in process inventory, May 31 38,000 1001 251 Materials cost in work in process inventory, May 1 $ 49,100 Conversion cost in work in process inventory. May 1 $ 13,600 Units started into production 249,000 Units transferred to the next production department 269,000 Materials cost added doring May $ 73,700 Conversion cost added during May $ 195,275 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: Required 2 Required 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 2 > 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 Material Conversion Work in process inventory, May 1 58,000 1000 400 Work in process inventory, May 31 38,000 1000 258 Materials cost in work in process inventory, May 1 $ 49, 100 Conversion cost in work in process inventory, May 1 $ 13,600 Units started into production 249,000 Units transferred to the next production department 269,000 Materials cost added during May $ 73,700 Conversion cost added during May $ 195,275 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 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 Cont per equivalent unit 16 mediciones 405 2:28:50 251 Hellx 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 ! 58,000 100 Work in process inventory, May 31 38,000 1004 Materials coat in work in process inventory. May 1 $ 49,100 Conversion cost in work in process inventory, May 1 $ 13,600 Units started into production 249,000 Units transferred to the next production department 269,000 Materials cost added during May $ 73,700 Conversion cost added during May $ 195,275 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 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 Hellx 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: 28:38 Units 58,000 38,000 Work in process inventory, May 1 Work in process inventory. May 31 Materiale cont in work in process inventory, May 1 Conversion cont in vork in process inventory, May 1 Units started into production Units transferred to the next production department Materials cont added during Hay Conversion cost added during May Percent Complete Materials Conversion 1000 404 1000 254 $ 49,100 $ 13,600 249,000 269,000 $ 73,700 $ 195,275 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 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 Total Cost of units completed and transferred out (Required 3 Step by Step Solution
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