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 73,000 100 % 50 % Work in process inventory, May 31 53,000 100 % 30 % Materials cost in work in process inventory, May 1 $ 57,900 Conversion cost in work in process inventory, May 1 $ 17,000 Units started into production 251,200 Units transferred to the next production department 271,200 Materials cost added during May $ 120,410 Conversion cost added during May $ 244,261 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.

1)Total Equivalent Units  Materials. 324,200 Conversion  286900

2) Cost per equivalent unit Mat. 0.55  Conversion 0.910

3) Ending Work In Process Inventory $ 43,619

4)Cost transferred to next Dept.Mat. 149160  Conversion  246792

Explanation:

Helix Corporation

1) Equivalent Units Weighted Average Method.

                                Units     % of Completion           Equivalent Units

                                           Materials   Conversion   Materials   Conversion

May 31 WIP inventory,  53,000 100 % 30 %         53,000     15,900

Units transferred         271,200                              271,200   271,200

Total Equivalent Units                                          324,200  286900

2) Cost per equivalent unit

Costs                                                 Materials       Conversion

May 1 Work in process inventory, $ 57,900          $ 17,000

Costs added during May               $ 120,410         $ 244,261

Total Costs                                     $ 178310             261,261

Equivalent Units                               324,200           286900

Cost per equivalent unit           178310/324200       261261/286900

                                                  =        0.55                          0.910

3) Ending Work In Process Inventory $ 43,619

Materials 53000 * 0.55= 29,150

Conversion 15,900 * 0.910= 14,469

4) Units Transferred Out

                                                          Materials       Conversion

Units Transferred Out                    271,200            271,200

Costs                                                0.55                0.91

Cost transferred to next Dept.      149160               246792

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