Reference no: EM132638589

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                             54,000           100 %                 50 %
Work in process inventory, May 31                            34,000            100 %                30 %
Materials cost in work in process inventory, May 1     $ 46,600
Conversion cost in work in process inventory, May 1   $ 12,600
Units started into production                                    243,600
Units transferred to the next production department     263,600
Materials cost added during May                              $ 42,680
Conversion cost added during May                            $ 181,798

Required:

Question 1. Calculate the first production department's equivalent units of production for materials and conversion for May.

Question 2. Compute the first production department's cost per equivalent unit for materials and conversion for May.

Question 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May.

Question 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.