EXERCISE 4-4 Calculating Equivalent Units and Cost per Equivalent Unit-Weighted Average Cost Method [LO3- CC11; L04 - CC13) Helox, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for: 20,000 Work in process, April 1 (60% materials, 75% conversion cost added last month) Started into production 180.000 200,000 Total units EUS Materials Conversion Units accounted for as follows: 190,000 ? Transferred to the next process 10.000 ? ? Work in process, May 31 (all materials, 60% conversion cost added this month) 200,000 ? Total units Costs in the beginning work-in-process inventory of the first processing department were materials, $4,000, and conversion cost, $14,200. Costs added during the month were materials, $56,000, and conversion cost, $360,360. Required: 1. Assume that the company uses the weighted average cost method of accounting for units and costs. Determine the equivalent units for the month for the first process. 2. Compute the costs per equivalent unit for the month for the first process. EXERCISE 4-5 Reconciling Costs-Weighted Average Cost Method [LO4 - CC14] (This exercise should be assigned only if Exercise 4-4 is also assigned.) Refer to the data for Helox, Inc. in Exercise 444 and to the equivalent units and costs per equivalent unit you have computed there. Required: Complete the following cost reconciliation for the first process: Cost Reconciliation EUS Total Cost Materials Conversion Cost accounted for as follows: S? Transferred to the next process: (2 units X $?) Work in process, May 31: Materials, at ? per EU per EU Conversion, at Total work in process | to to Total cost S