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Builder Products, Incorporated, uses the weighted-average method in its process costir compound that goes through three processing stages prior to completion. Information given below for

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Builder Products, Incorporated, uses the weighted-average method in its process costir compound that goes through three processing stages prior to completion. Information given below for May: ad 83,000 480,000 2 43,000 ok 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 75% complete; conversion 25% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost st ences $ 128,300 $ 53,900 $ 666,940 $ 296,395 Danisirarl 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 Comp Assessment Tool iFrame y 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 Complete this question by entering your answers in the Required 1 Required 3 Required 5 Rhuired 2 Required 4 Compute the cost per equivalent unit for materials and conversion for May. (Round Materials Conversion Cost per equivalent unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Tequired 3 Required 4 Required 5 Required 3 Compute the cost of ending wo. Puss inventory for materials, conversion, and in intermediate calculations to 2 decimal places.) Materials Conversion Tot Cost of ending work in process inventory Complete this question by entering Required 1 Required 2 Required 3 Require Required 5 Required 4 Compute the cost of units transferred out to the next department for materials, conver Intermediate calculations to 2 decimal places.) Materials Conversion TC Cost of units completed and transferred out Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 Cost Reconciliation + Costs to be accounted for: $ 0 Total cost to be accounted for Costs accounted for as follows: Total cost accounted for $ 0

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