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 te Units Materials Conversion 81,000 85% 61,000 60% Work in process inventory, May 1 Work in process inventory, May 31 50% 30% 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 S 63,000 S 18,800 254,400 274 400 S 428,380 Materials cost added during May Conversion cost added during May s 270,973 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 Materials Conversion Equivalent units of production the costs per eauvaent Esc

Explanation / Answer

1 Materials Conversion Units transferred to the next production department 274400 274400 Ending work in process 36600 18300 Equivalent units of production 311000 292700 2 Materials Conversion Cost of beginning work in process 63000 18800 Cost added during the period 428380 270973 Total cost 491380 289773 Equivalent units of production 311000 292700 Cost per equivalent unit 1.58 0.99 3 Cost of ending work in process inventory 75945 =(36600*1.58)+(18300*0.99) Cost of units completed and transferred out 705208 =274400*(1.58+0.99)

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.