Question: Please help me! E 5-8 Algo Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Method Helix Corporation uses the weighted method in its

E 5-8 Algo Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted- Method Helix Corporation uses the weighted method in its process costing system. It produces prefabricated in a series of steps carried out in production departments All of the material that is used in the production department is added at the beginning of processing in that department Data for May the production department follow: Percent Complete Units Materials Conversion Work in process inventory, May 1. 5,000 100% 40% Work in process inventory, May 31. 10,000 100% 30% Materials cost in work in process inventory, May 1 $1,500 Conversion cost in work in process inventory, May 1 $4,000 Units started into production.. 180,000 Units transferred to the next production department 175,000 Materials cost added during May. $54.000 Conversion cost added during May $352,000 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
