Helix Corporation uses the weighted-average method in itsprocess costing system. It produces prefabricated flooring in aseries of steps carried out in production departments. All of thematerial that is used in the first production department is addedat the beginning of processing in that department. Data for May forthe first production department follow:
| | Percent Complete |
| Units | Materials | Conversion |
| Work in processinventory, May 1 | 77,000 | 100 | % | | 30 | % |
| Work in process inventory, May31 | 57,000 | 100 | % | | 20 | % |
| Materials cost in work inprocess inventory, May 1 | | | | $ | 60,600 | |
| Conversion cost in work inprocess inventory, May 1 | | | | $ | 18,200 | |
| Units started intoproduction | | | | | 264,200 | |
| Units transferred to the nextproduction department | | | | | 284,200 | |
| Materials cost added duringMay | | | | $ | 127,060 | |
| Conversion cost added duringMay | | | | $ | 262,620 | |
|
Required:
1. Calculate the first production department's equivalent unitsof production for materials and conversion for May.
2. Compute the first production department's cost per equivalentunit for materials and conversion for May.
3. Compute the first production department's cost of ending workin process inventory for materials, conversion, and in total forMay.
4. Compute the first production department's cost of the unitstransferred to the next production department for materials,conversion, and in total for May
Calculate the first production department's equivalent units ofproduction for materials and conversion for May.
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| | Materials | Conversion | | Equivalent units of production | |
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Compute the first production department's cost per equivalentunit for materials and conversion for May. (Round your answers to 2decimal places.)
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| | Materials | Conversion | | Cost per equivalent unit | | |
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Compute the first production department's cost of ending work inprocess inventory for materials, conversion, and in total for May.(Round your intermediate calculations to 2 decimal places.)
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| | Materials | Conversion | Total | | Cost of ending work in processinventory | | | |
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Compute the first production department's cost of the unitstransferred to the next production department for materials,conversion, and in total for May. (Round your intermediatecalculations to 2 decimal places.)
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| | Materials | Conversion | Total | | Cost of units completed and transferredout | | |
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