Helix Corporation produces prefabricated flooring in a serie

Helix Corporation 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 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

Solution

Solution:

Computation of Equivalent unit of Production - Weighted Average
Particulars Physical Units Material Conversion
Unit completed & Transferred out 175000 175000 175000
Closing WIP: 10000
Material (100%) 10000
Conversion (30%) 3000
Equivalent units of production 185000 185000 178000
Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first prod

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