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Week 3: Homework i Saved 5 Hellx Corporation uses the weighted-average method In Its process costing system. It produces prefabricated flooring In a series of
Week 3: Homework i Saved 5 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: 15 points Percent Complete Units Materials Conversion Work in process inventory, May 1 65,909 39% Work in process inventory, May 31 45,909 20% Book Materials cost in work in process inventory, May 1 $ 53,308 Conversion cost in work in process inventory, May 1 $ 15, 480 Units started into production 257,090 Hint Units transferred to the next production department 277,908 Materials cost added during May $ 98, 040 Conversion cost added during May $ 221,980 Ack 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. Print 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. References 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
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