Helix Corporation produces prefabricated flooring in a series of steps carried o

Question

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 Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first process. 2. Compute the costs per equivalent unit for May for the first process. (Round your answers to 2 decimal places.) 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in May.

Explanation / Answer

1) Equivalent unit :

2) Cost per equivalent unit :

3) Total cost of ending work in process = (10000*.30+3000*2) = 9000

Cost of transferred to next process = (0.30+2)*175000 = 402500

Whole unit % EUP-material % EUP-conversion Unit transferred out 175000 100% 175000 100% 175000 Ending work in process 10000 100% 10000 30% 3000 Total 185000 185000 178000

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