Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in

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Helix Corporation Uses The Weighted Average Method In Its Process Costing System It Produces Prefabricated Flooring In 1 (40.51 KiB) Viewed 10 times

Helix Corporation Uses The Weighted Average Method In Its Process Costing System It Produces Prefabricated Flooring In 2 (24.62 KiB) Viewed 10 times

Helix Corporation Uses The Weighted Average Method In Its Process Costing System It Produces Prefabricated Flooring In 3 (26.27 KiB) Viewed 10 times

Helix Corporation Uses The Weighted Average Method In Its Process Costing System It Produces Prefabricated Flooring In 4 (26.76 KiB) Viewed 10 times

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 Conversion cost added during May Equivalent units of production Percent Complete Materials Units Materials 50,000 30,000 Conversion 100% 100% 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. Conversion 30% 20% Required 1 Required 2 Required 3 Required 4 Calculate the first production department's equivalent units of production for materials and conversion for May $44,500 $ 11,700 248,000 268,000 $ 50,860 $ 169,140

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 Compute the first production to 2 decimal places.) Cost per equivalent unit Required 3 Required 4 department's cost per equivalent unit for materials and conversion for May. (Round your answers Materials Conversion

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 Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Cost of ending work in process inventory Total

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 Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Cost of units completed and transferred out Total