Builder Products, Inc., 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: 67,000 320,000 7 Production data: Pounds in process, May 11 materiale 1001 complete; conversion 901 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 751 complete; conversion 251 complete Cost datat Work in process inventory, May 11 Materials cost Conversion cost Cost added during May Materials cost Conversion cost 27,000 $ 78,500 $ 20,300 $408,220 $111,730 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 equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Required: Required 2 > ition 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 per equivalent unit for materials and conversion for May. (Round your answers to 2 decim Materials Conversion Cost per equivalent unit 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. 14. 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 intorocess 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 Total Builder Products, Inc., uses the weighted average method in its process costing system. It manufactures a caulking compound that goes through the processing stages prior to completion Information on work in the first department, Cooking, is given below for May 67.000 370,000 Production data Pounde in process. Hay materiale 100completo conversion 901 complete Pounds started into production during Hay Pounde completed and transferred out rounds in process, HAY 31 materiale completes conversion 256 complete cout data Work in process inventory. May it Materiale cout Conversion cost Cost added during my Materiale cost Conversion coat 27.000 $78.500 $ 20,300 5408,220 5111,730 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 units transferred 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 Builder Products, Inc., uses the weighted average method in its process costing system. It manufactures a caulk compound that goes through three processing stages prior to completion Information on work in the first depan Cooking, is given below for May ts 67,000 320.000 2 Book Production data: Pounds in process. May it materials 1001 complete conversion 901 complete Pound started into production during Hay Pounds completed and transferred out Pounds in process, May 31: materials 75 complete conversion 256 complete Cost data Work in process inventory, May 11 Materials cost Conversion cont Cont added during May Materials cast Conversion cont 27,000 0 brences $78,500 $ 20,300 5408,220 $111,730 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 Ma 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 Prepare a cost reconciliation report for May. (Round your intermediate calcucions to 2 decimal places.) Cost Reconciliation Costs to be accounted for Total cost to be accounted for Costs accounted for as follows: $ 0 Total cost accounted for $ 0
