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.
Helix Corporation uses the weighted-average method in its
| Units | Percent Complete | ||
|---|---|---|---|
| Materials | Conversion | ||
| Work in process inventory, May 1 | 55,000 | 100% | 40% |
| Work in process inventory, May 31 | 35,000 | 100% | 25% |
| Materials cost in work in process inventory, May 1 | $ 47,100 |
|---|---|
| Conversion cost in work in process inventory, May 1 | $ 12,900 |
| Units started into production | 247,500 |
| Units transferred to the next production department | 267,500 |
| Materials cost added during May | $ 64,825 |
| Conversion cost added during May | $ 186,000 |
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.
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