Question
In: Accounting
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 76,000 75 % 40 %
Work in process inventory, May 31 56,000 50 % 25 %
Materials cost in work in process inventory, May 1 $ 60,000
Conversion cost in work in process inventory, May 1 $ 17,800
Units started into production 258,000
Units transferred to the next production department 278,000
Materials cost added during May $ 408,180
Conversion cost added during May $ 256,680
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 |
Solutions
ekkarill92 answered 2 weeks agoRelated Solutions
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
63,000
100
%
50
%
Work in
process inventory, May 31
43,000
100
%
30
%
Materials cost in work in...
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 74,000 65 %
30 % Work in process inventory, May 31 54,000 40 % 20 % Materials
cost in work in process inventory,...
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
55,000
100
%
40
%
Work in process inventory, May 31
35,000
100
%
25
%
Materials cost in work in...
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 5,000 100 %
40 % Work in process inventory, May 31 10,000 100 % 30 % Materials
cost in work in process inventory,...
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 73,000 85 %
50 % Work in process inventory, May 31 53,000 60 % 30 % Materials
cost in work in process inventory,...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
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
Units
Materials
Conversion
Work in process inventory, May 1
68,000
100
%
30
%
Work in process inventory, May 31
48,000
100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
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 Units
Materials Conversion Work in process inventory, May 1 60,000 100 %
50 % Work in process inventory, May 31 40,000 100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
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
Units
Materials
Conversion
Work in process inventory, May 1
69,000
100
%
50
%
Work in process inventory, May 31
49,000
100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
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
Units
Materials
Conversion
Work in process inventory, May 1
71,000
100
%
30
%
Work in process inventory, May 31
51,000
100...
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in...
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 Units
Materials Conversion Work in process inventory, May 1 66,000 100 %
50 % Work in process inventory, May 31 46,000 100...
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