Exercise 4-8 (Static) Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Average Method [LO4-2, LO4-3, LO4-4] Helix Corporation uses the weighted-average 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 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 Required: For May: Percent Complete Units 5,000 Materials Conversion 100% 100% 40% 30% 10,000 $ 1,500 $ 4,000 180,000 175,000 $ 54,000 $ 352,000 1. Calculate the first production department's equivalent units of production for materials and conversion. 2. Compute the first production department's cost per equivalent unit for materials and conversion. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total.