Reference no: EM132773506
Helox, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows:
Quantity Schedule Units to be accounted for:
Work in process, May 1 (60% materials, 75% conversion cost added last month) 28,000
Started into production 204,000
Total units 232,000
Costs in the beginning work-in-process inventory of the first processing department were materials, $5,600; and conversion cost, $19,000.
Costs added during the month were materials, $88,000; and conversion cost, $454,280.
Required:
Problem 1. Assume that the company uses the weighted average cost method of accounting for units and costs. Determine the equivalent units for the month for the first process.
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