Helix Corporation uses the weightedaverage method in its pro

Helix 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 Units Materials 69,000 49,000 Conversion 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 100 % 100 % 50 % 30 % $ 55,600 $ 16,100 249,600 269,600 $ 87,770 $ 231,241 Calculate the first production department\'s equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Compute the first production department\'s cost per equivalent unit for materials and conversion for May. (Round answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Compute the first production department\'s cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Compute the first production department\'s cost of the units transferred to the next production department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out

Solution

Workings:

	Materials	Conversion
Equivalent units of production	318600	284300
	Materials	Conversion
Cost per equivalent unit	$               0.45	$               0.87
	Materials	Conversion	Total
Cost of ending work in process inventory	$           22,050	$           12,789	$           34,839
	Materials	Conversion	Total
Cost of units completed and transferred out	$       121,320	$       234,552	$       355,872