4-16 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Builder Products, Incorporated, uses the weighted-average method in its process costing system. It 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 datar Pounds in process, May 11 materials 100% complete conversion 90s complete Pounds started into production during May Pounds completed and transferred out Pounds La process, May 31; materials 80s complete conversion 20% complete Cost datar Work in process inventory, May 11 Haterials cost Conversion cost Cost added during May Materials cont Conversion coas Required: 77,000 420,000 7 37,000 130,300 63,100 677,540 336,190 1 Compute the equivalent units of production for materials and conversion for May. 2. Compute the cost per equivalent unit for materials and conversion for May. 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May 5. Prepare a cost reconciliation report for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May. Equivalent units of production Materials Conversion Problem 4-16 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Builder Products, Incorporated, uses the weighted average method in its process costing system. It 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: Pounds in process, Hay 1 materials 100% complete conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, Hay 31; materials 80s complete conversion 20% complete Cost data Mork in process inventory, May 1 Materials cost Conversion coat Cost added during Hays Materials coet Conversion et Required: 77,000 420,000 37,000 130,300 $61,100 3677,540 $334,190 1. Compute the equivalent units of production for materials and conversion for May 2. Compute the cost per equivalent unit for materials and conversion for May 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May 5. Prepare a cost reconciliation report for May 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Cost per equivalent uni Material Conversion Problem 4-16 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, L04-5) Builder Products, Incorporated, uses the weighted-average method in its process costing system. It 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 datar k Pounds in process, May 1 materials 100% complete conversion 90% complete 17,000 Pounds started into production during May 420,000 Pounds completed and transferred out Pounds in process, Hay 311 materials 80s complete B conversion 20% complete 37,000 Cost data Work in process inventory, May 11 130,300 41,100 477,540 336.190 Materials cost Conversion cost Cost added during Hays Materials cost Conversion co Required 1. Compute the equivalent units of production for materials and conversion for May 2. Compute the cost per equivalent unit for materials and conversion for May 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May 5. Prepare a cost reconciliation report for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Cost of ending work in process inventory Required 2 Required 4 > Total Problem 4-16 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, L04-4, L04-5] Builder Products, Incorporated, uses the weighted-average method in its process costing system. It 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: Pounds in process, Hay 11 materials 100% complete conversion 90% complete Pounds started into production during May Pounds completed and transferred out rounds in process, May 31; materials 80s complete 27,000 420,000 oonverelen 20% complete Coet data Work in process inventory, May 11 Materials cost Conversion cost Cost added during Hays Hateriala dost Conversion dat Required: 37,000 3130,300 $61,100 $677,540 $336,190 1. Compute the equivalent units of production for materials and conversion for May 2. Compute the cost per equivalent unit for materials and conversion for May 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May 5. Prepare a cost reconcilation report for May Complete this question by entering your answers in the tabs below. Requered 1 Required 21 Required 3 Required 4 Required Compute the cost of units transfered out to the next department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out Required 3 Required 5> Builder Products, Incorporated, uses the weighted average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion, information on work in the first department, Cooking given below for May Production data Pounds started late production during y Founde espleted and transferred t 430,000 Found in case, May 11 materiale sos co conversion 30% let 37,000 Mork in pros Lavestory, May 11 130,300 Materiala es Conversion coes Materiala Conversion o Required 1. Compute the equivalent units of production for materials and conversion for May 2. Compute the cost per equivalent unit for materials and conversion for May Compute the cost of ending work in process inventory for materials, conversion, and in total for May 4 Compute the cost of units transhemed out to the next department for materials, conversion, and in total for May 5. Prepare a cost reconcilation report for May Complete this question by entering your answers in the tabs below. Repre Reported Prepare a cast reconciliation report for May Round your intermediate calcuations to 2 decimal places) Counted for Tatto Cals acted or as flow Cred Prev Next > Check my work