Exercise 4-8 (Algo) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Average Method [LO4-2, LO4-3, LO4-4] 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: Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Percent Complete Units 71,000 51,000 Materials Conversion 100% 100% 30% 20% $ 56,700 $ 16,800 260,600 280,600 $ 125,680 $ 242,012 Conversion cost added during May 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. Equivalent units of production Materials Conversion
Exercise 4-8 (Algo) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Average Method [LO4-2, LO4-3, LO4-4] 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: Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Percent Complete Units 71,000 51,000 Materials Conversion 100% 100% 30% 20% $ 56,700 $ 16,800 260,600 280,600 $ 125,680 $ 242,012 Conversion cost added during May 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. Equivalent units of production Materials Conversion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Exercise 4-8 (Algo) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-
Average Method [LO4-2, LO4-3, LO4-4]
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:
Work in process inventory, May 1
Work in process inventory, May 31
Percent Complete
Units
71,000
51,000
Materials
Conversion
100%
100%
30%
20%
$ 56,700
Materials cost in work in process inventory, May 1
Conversion cost in work in process inventory, May 1
Units started into production
Units transferred to the next production department
Materials cost added during May
Conversion cost added during May
Required:
$ 16,800
260,600
280,600
$ 125,680
$ 242,012
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.
Equivalent units of production
Materials
Conversion
<Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce9c3eae-2bfd-42c7-8dc7-d570901fe942%2F015e9a12-58d8-434b-8b64-41d68f1a7a97%2Fat75ov8_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 4-8 (Algo) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-
Average Method [LO4-2, LO4-3, LO4-4]
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:
Work in process inventory, May 1
Work in process inventory, May 31
Percent Complete
Units
71,000
51,000
Materials
Conversion
100%
100%
30%
20%
$ 56,700
Materials cost in work in process inventory, May 1
Conversion cost in work in process inventory, May 1
Units started into production
Units transferred to the next production department
Materials cost added during May
Conversion cost added during May
Required:
$ 16,800
260,600
280,600
$ 125,680
$ 242,012
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.
Equivalent units of production
Materials
Conversion
<Required 1
Required 2 >
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