Question: Exercise 4 - 8 ( Static ) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units - Weighted - Average Method [ LO 4
Exercise Static Equivalent Units; Cost per Equivalent Unit; Assigning Costs to UnitsWeightedAverage
Method LO LO LO
Helix Corporation uses the weightedaverage method of process costing. It produces prefabricated flooring in a series of steps carried out
in production departments. All of the material 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
Work in process inventory, May
Materials cost in work in process inventory, May
Conversion cost in work in process inventory, May
Units started into production
Units transferred to the next production department
Materials cost added during May
Conversion cost added during May
Required:
For May:
Calculate the first production department's equivalent units of production for materials and conversion.
Compute the first production department's cost per equivalent unit for materials and conversion.
Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total.
Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and
in total.
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Calculate the first production department's equivalent units of production for materials and conversion.
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