Question: Hellx Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production
Hellx 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 Unita Materials Conversion Work in process inventory, May 1 57,000 1006 50 Work in process inventory, May 31 37,000 100 30 Materials cost in work in process inventory, May 1 $ 48,600 Conversion cost in work in process inventory, May 1 $ 13,300 Units started into production 244,800 Unita transferred to the next production department 264,800 Materials cost added during May $ 72,120 Conversion cost added during May $ 190,866 Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 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 Complete this question by entering your answers in the tabs below
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