Question

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	77,000	100	%		30	%
Work in process inventory, May 31	57,000	100	%		20	%
Materials cost in work in process inventory, May 1				$	60,600
Conversion cost in work in process inventory, May 1				$	18,200
Units started into production					264,200
Units transferred to the next production department					284,200
Materials cost added during May				$	127,060
Conversion cost added during May				$	262,620

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

Calculate the first production department's equivalent units of production for materials and conversion for May.

	Materials Conversion Equivalent units of production

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

	Materials Conversion Cost per equivalent unit

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 Total Cost of ending work in process inventory

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 Total Cost of units completed and transferred out

Answer 1

				Materials	Conversion
Equivalent units of production				341,200	295,600
				Materials	Conversion
Cost per Equivalent units				0.55	0.95
				Materials	Conversion	Total
cost of ending work in process inventory				31350	10830	42180
				Materials	Conversion	Total
cost of units completed & transferred out				156310	269,990	426300
Beginning work in process			77,000	Completed and transferred			284,200
Started during the year			264,200	ending work in process			57,000
units to account for			341,200	units accounted for			341,200
Equivalent units				%	materials	%	CC
Completed and transferred			284,200	100%	284,200	100%	284,200
ending work in process			57,000	100%	57,000	20%	11400
Equivalent units					341,200		295,600
cost per Equivalent units
				Materials	CC	total
Beginning work in process				60,600	18,200	78,800
cost added during the year				127,060	262,620	389,680
total cost				187,660	280,820	468,480
Equivalent units				341,200	295,600
cost per Equivalent units				0.55	0.95	1.5
cost of ending WIP
mateirals		57,000	*	0.55	=	31350
conversion		11400	*	0.95	=	10830
total cost of ending WIP						42180
cost of units transferred out
materials		284,200	*	0.55	=	156310
cc		284,200	*	0.95	=	269,990
total						426300