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:

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 categoryconversion 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.

2. Compute the costs per equivalent unit for the month. (Round your answers to 3 decimal places.)

3. 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 "$10" 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"".

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 "0" wherever required. Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units

15,000 110,000 100,000 ? Production data: Units in process, May 1: 100% complete as to materials and 80% complete as to labour and overhead Units started into production during May Units completed and transferred out Units in process, May 31: 60% complete as to materials and 20% complete as to labour and overhead Cost data: Work-in-process inventory, May 1: Materials cost Labour cost Overhead cost Cost added during May: Materials cost Labour cost Overhead cost $ 2,000 2,400 6,000 160,000 24,000 70,000 Quantity Schedule Units to be accounted for: Total units 0 Equivalent Units (EU) Units Materials Labour Overhead Units accounted for as follows: Total units and equivalent units of production 0 0 Materials Labour Overhead Costs per equivalent unit Equivalent Units (EU) Total Cost Materials Labour Overhead Cost accounted for as follows: Work in process, May 31: Total work in process oo $ Total cost Quantity Schedule Units to be accounted for: Total units 0 Equivalent Units (EU) Materials Labour Overhead Units Units accounted for as follows: Total units and equivalent units of production 0 0 0 0 Cost per Equivalent Unit Materials Labour Overhead Costs per equivalent unit Cost Reconciliation Note: There is difference of $10" 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) Materials Labour Overhead Total Cost $ 10,400 Cost accounted for as follows: Prior period cost in Work in Process, May 1 Cost incurred during May: To complete units in Work in Process, May 1 Total 0 To partially complete units in Work in Process, May 31 Total 0 $ Total cost Cost transferred out, May 31 10,400 10,400 $