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 Conversion Work in process inventory, May 1 51,000 100 % 50 % Work in process inventory, May 31 31,000 100 % 30 % Materials cost in work in process inventory, May 1 $ 45,000 Conversion cost in work in process inventory, May 1 $ 11,800 Units started into production 242,400 Units transferred to the next production department 262,400 Materials cost added during May $ 43,020 Conversion cost added during May $ 170,239 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.

Explanation:

Opening Units  51000

Started              242400

Complete          293400

Transferred         -262400

Closing                  31000

                             Production Table

                A           B         C=A+B      D                 E          F=D+E            G=C/F

Cost    opening   Current    Total    Complete   Closing   Equivalent       Cost

Elem-     Cost        Prod.       Cost      Units           WIP        production       Per

ent                         cost                                       units           Units           Unit

Mat.    45,000     43,020   88,020   262,400    31,000   293,400       0.30  

CC       11,800      170,239  182,039   262,400  9,300    271,700        0.67  

                                                                                                                      0.97

1)  equivalent units of production for materials and conversion AS follows :

Material                  293,400

Conversion Cost    271,700

2)  first production department's cost per equivalent unit for materials and conversion

Material                     0.3

Conversion Cost     0.67

3)

Closing Wip    

Material  31,000   0.30   9,300  

Labour  9,300   0.67   6,231  

                           15,531  

4)

Cost Account For    

Complete  262,400   0.97   254,528  

answer; measurable outcome;

false is correct i hope.

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