3 Builder Products, Inc. manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, cooking, is given below for May: Production data Units in process, May 1: 1008 complete as to materials and 808 complete as to labour and Skipped overhead 16,600 Units started into production during May 126,000 Units completed and transferred out 116,000 Units in process, May 31: 608 complete as to materials and 208 complete as to labour and overhead Cost data: Work-in-process inventory, May 1: Materials cost 2,800 Labour cost 3, 680 Overhead cost 7,600 Cost added during May: Materials cost 192,000 Labour cost 36, 800 Overhead cost 89 ,200 Materials are added at several stages during the cooking process, whereas labour and overhead costs are incurred uniformly. The company uses the weighted average cost method. The company combines labour and overhead into a single cost category conversion cost. Required: Prepare a production report for the cooking department for May. Use the following three steps in preparing your report: 1. Prepare a quantity schedule and a computation of equivalent units. Quantity Schedule Units to be accounted for. Total units Equivalent Units (EU) Units Materials Labour Overhead Units accounted for as follows! esc FI F2 F3 F4 14 F5 F6Required: Prepare a production report for the cooking department for May. Use the following three steps in preparing your report 1. Prepare a quantity schedule and a computation of equivalent units. lipped Quantity Schedule Units to be accounted for. Total units Equivalent Units (EU) Units Materials Labour Overhead Units accounted for as follows: Total units and equivalent units of production O 2. Compute the costs per equivalent unit for the month. (Round your answers to 3 decimal places.) Materials Labour Overhead Costs per equivalent unit Pray 3 of 53. Using the data from parts (1) and (2), prepare a cost reconciliation. (Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.) Note: There is difference of "$27" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for". Equivalent Units (EU) Total Cost Materials Labour Overhead Cost accounted for as follows: Work in process, May 31: Total work in process Total cost S 4. Prepare a production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3). (Leave no cells blank, enter "O" wherever required. Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for Total units Equivalent Units (EU) Units Materials Labour Overhead C CO. FI 20 F2 F3 DOO F4 FS F64. Prepare a production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3). (Leave no cells blank, enter "O" wherever required. Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for. Total units Equivalent Units (EU) Units Materials Labour Overhead Units accounted for as follows: Total units and equivalent units of production Cost per Equivalent Unit Materials Labour Overhead Costs per equivalent unit Graw Prev 305 Next >Cost per Equivalent Unit Materials Labour Overhead Costs per equivalent unit Cost Reconciliation Note: There is difference of "$27" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"". Equivalent Units (EU) "Total Cost Materials Labour Overhead Cost accounted for as follows: Prior period cost in Work in Process, May 1 $ 14,080 Cost incurred during May: to complete units in Work in Process, May 1 Total To partially complete units in Work in Process, May 31 Total Total cost 14 080 Cost transferred out, May 31 44 080