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 87.000 520,000 2 Production data Pounds in process, May 1: materials 100 complete; conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materials 75t complete; conversion 251 complete Cost data: Work in process inventory, May 11 Materials cost Conversion cost Cont added during May! Materials cost Conversion cost 47.000 $142,100 $ 63,300 05 $738,870 $348, 360 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 s Compute the equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Required Required 2 > 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: 87,000 520,000 2 Production data: Pounds in process, May 1: materials 100% complete; conversion 901 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 755 complete: conversion 25complete Cost datat Work in process inventory, May 11 Materials cost Conversion cost Cost added during Mayt Materials cost Conversion cost 47,000 $142, 100 $ 63,300 es $738,870 $348,360 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 Requiredb 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 (Required 1 Required 3 > 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 87,000 520,000 2 Production data: Pounds in process, May 1; materials 100complete conversion 901 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 317 materials 751 complete conversion 25% complete Cont data: Work in process Inventory, May 11 Materials cost Conversion cost Cost added during May Materials cost Conversion cost 47.000 $142,100 $ 63,300 $738,870 $348,360 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 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.) Materiais Conversion Total Cost of ending work in process inventory 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 87.000 520,000 2 Production data Pounds in process, May 11 material 100% complete conversion 90% complete Tounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materials 751 complete conversion 251 complete Cont data Work in process inventory, May 1: Materials cont Conversion cost Cost added during May Materials coat Conversion cost 47,000 $142,100 $ 63,300 es $230,870 $348, 360 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 Required 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 Cost of units completed and transferred out (Required 3 Required 5 > Total 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 87,000 520,000 2 Production data: pounds in process, May 1; materials 1001 complete conversion 901 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 758 complete; conversion 25% complete Coot data: Work in process inventory. May 11 Materials cost Conversion cost Cost added during May Materials cost Conversion cost 47.000 $142, 100 $ 63,300 $738,870 $348,360 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 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