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 55,000 330,000 2 Production data: Pounds in proceso, May 1; materiale 100% complete conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 604 complete conversion 404 complete Cost data: Work in process inventory, May 11 Materials cost Conversion cost Cost added during Mayt Materials cost Conversion cost 15,000 $ 78,900 $ 23,700 $410,010 $130,460 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. Materials cost Conversion cost $410,010 $130, 460 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 Requindd 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.) Materials Conversion Cost per equivalent unit Materials cost Conversion cost $410,010 $130, 460 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 Requited 3 Required 4 Required 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 Total Cost of ending work in process inventory Materials cost Conversion cost $410,010 $130,460 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 7. 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 pood Complete this question by entering your answers in the tabs below. Jook Print arences Required: Required 2 Required 3 Required 4 Required Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.) Cost Reconciliation Costs to be accounted for Total cost to be accounted for Costs accounted for as follows: Total cost accounted for
