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: 100% complete as to materials and 80% complete as to labour and overhead 15,000

Units started into production during May 110,000

Units completed and transferred out 100,000

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 $2,000

Labour cost 2,400

Overhead cost 6,000

Cost added during May:

Materials cost 160,000

Labour cost 24,000

Overhead cost 70,000

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.

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

Units accounted for as follows Units Materials Labour Overhead

Total units and equivalent units of production

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

Materials Labour Overhead

Costs per equivalent unit

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

Quantity schedule

Units to be accounted for

.

.

Total units

Equivalent units

Units Materials Labour Overhead

Units accounted for as follows

.

.

.

Total units and equivalent units of production

Materials Labour Overhead

Cost 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 "Co roundmay"Cost to account for"".

Equivalent Units

Total cost Materials Labour Overhead

Cost accounted as follows

Prior period cost in work process, May 1 $10,400

Cost incurred during may

To complete units in work in process, May 1

.

.

.

Total

.

To partially complete units in work process, May 31

.

.

.

Total

Total cost

Cost transferred out, May 31