Question

Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All...

Helix Corporation 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
Units Materials Conversion
  Work in process inventory, May 1 57,000 85 % 50 %
  Work in process inventory, May 31 37,000 60 % 30 %
  
  Materials cost in work in process inventory, May 1 $ 48,600
  Conversion cost in work in process inventory, May 1 $ 13,300
  Units started into production 244,800
  Units transferred to the next production department 264,800
  Materials cost added during May $ 330,240
  Conversion cost added during May $ 190,866
Required:
1.

Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first process.
Materials Conversion
Equivalent units of production
2.

Compute the costs per equivalent unit for May for the first process. (Round your answers to 2 decimal places.)
Materials Conversion
Cost per equivalent unit
3.

Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in May. (Round your intermediate calculations to 2 decimal places.)
Total
Cost of ending work in process inventory
Cost of units completed and transferred out
Business   Accounting   
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