Exercise 4-8 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: Percent Complete Materials 100 % Units Conversion 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 Conversion cost added during May 74,000 4,000 30 % 100 % 20 % $ 58,800 $ 17,500 262,400 282,400 $ 143,040 $ 252,244 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 1 Required 2
Exercise 4-8 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: Percent Complete Materials 100 % Units Conversion 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 Conversion cost added during May 74,000 4,000 30 % 100 % 20 % $ 58,800 $ 17,500 262,400 282,400 $ 143,040 $ 252,244 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 1 Required 2
Chapter1: Financial Statements And Business Decisions
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![Exercise 4-8 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:
Percent Complete
Materials
100 %
Units
Conversion
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
Conversion cost added during May
74,000
4,000
30 %
100 %
20 %
$ 58,800
$ 17,500
262,400
282,400
$ 143,040
$ 252,244
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 1
Required 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8aeb4c9c-8d33-4b47-954d-a4d3ce02aa40%2Ff42f1ff7-97c0-4eb4-a4ff-ff8586457eab%2Fhucsrt6.png&w=3840&q=75)
Transcribed Image Text:Exercise 4-8 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:
Percent Complete
Materials
100 %
Units
Conversion
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
Conversion cost added during May
74,000
4,000
30 %
100 %
20 %
$ 58,800
$ 17,500
262,400
282,400
$ 143,040
$ 252,244
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 1
Required 2
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