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

Compute the first production departments cost per equivalent unit for materials and conversions for May. $($Round your answer to $2$ ?decimal places.$)$

Compute the first production departments cost of ending work in process inventory for materials, conversions, and in total for May. $($ ?Round your intermediate calculations to $2$ ?decimal places.$)$

Compute the first production departments cost of the units transferred to the next productuon department for materials conversion, and in total for may. $($Round your intermediate calculations to $2$ ?decimal places.$)$

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Chapter 5 Process Costing i 7 3 points eBook CO Hint 1 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 Units 74,000 54,000 Percent Complete Materials 100% 100% Conversion 30% 20% $ 58,800 $ 17,500 262,400 282,400 $ 143,040 $ 252,244 Chapter 5 Process Costing i 7 3 points eBook CO Hint 1 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 Units 74,000 54,000 Percent Complete Materials 100% 100% Conversion 30% 20% $ 58,800 $ 17,500 262,400 282,400 $ 143,040 $ 252,244

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To calculate the first production departments equivalent units of production for materials and conversions for May we need to consider the units started into production and the percentage of completio... View the full answer