Equivalent Units

Exercise 5-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO5-2, LO5-3, LO5-4]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 UnitsMaterialsConversionWork in process inventory, May 15,000100% 40%Work in process inventory, May 3110,000100% 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.

We help you get better grades, improve your productivity and get more fun out of college!!

Homework Answers Online

Free title page

Free reference page

Free formatting

Unlimited revisions

WhatsApp chat

How it works – it’s easy

i

Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.

i

Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to ensure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.

 

 

Achieve academic success with the best online tutors