Builder Products, Incorporated, 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: 7. Production data Pounds in process, May 1; materials 1001 complete; conversion 909 completo 71,000 Pounds started into production during May 360,000 Pounds completed and transferred out Pounds in process, May 31; materials 758 complete; conversion 25t complete 31,000 cost data: Work in process inventory, May 1: Materials cost $ 90,100 Conversion cost $ 46,400 Cost added during May Materials cost 5.468,590 Conversion cost $ 255,335 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 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 Requid Required 2 > Work in process inventory, May 11 Materiale cost Conversion cout Coat added during May Materials cost Conversion cout $ 90,100 $ 46,400 $ 460,590 255,335 Skipped Prire 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 per equivalent unit for materials and conversion for May (round your answers to 2 decimal places. Materials Conversion Cost per equivalent unit
