Builder Products, Incorporated, uses the weighted average method of process costing 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 Production data Pounds in process, May 1 materials 100 complete conversion 90 complete 75,000 Pounds started into production during May 400,000 Pounds completed and transferred out question mark Pounds in process, May 31 materials 75 complete conversion 25 complete 35,000 Cost data Work in process inventory, May 1 Materials cost $ 102,300 Conversion cost $ 45,600 Cost added during May Materials cost $ 531,800 Conversion cost $ 250,575 Required For May Compute the equivalent units of production for materials and conversion Compute the cost per equivalent unit for materials and conversion Compute the cost of ending work in process inventory for materials, conversion, and in total Compute the cost of units transferred out to the next department for materials, conversion, and in total Prepare a cost reconciliation report Compute the equivalent units of production for materials and conversion for May Materials Conversion Equivalent units of production Compute the cost per equivalent unit for materials and conversion for May Note Round your answers to 2 decimal places Materials Conversion Cost per equivalent unit Compute the cost of ending work in process inventory for materials, conversion, and in total for May Note Round your intermediate calculations to 2 decimal places Materials Conversion Total Cost of ending work in process inventory Compute the cost of units transferred out to the next department for materials, conversion, and in total for May Note Round your intermediate calculations to 2 decimal places Materials Conversion Total Cost of units completed and transferred out Prepare a cost reconciliation report for May Note 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

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Builder Products, Incorporated, uses the weighted-average method of process costing. It manufactures a caulking compound that goes through three processing stages prior to completion. Information

Builder Products, Incorporated, uses the weighted-average method of process costing. 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:

Production data:
Pounds in process, May 1; materials 100% complete; conversion 90% complete	75,000
Pounds started into production during May	400,000
Pounds completed and transferred out	?question mark
Pounds in process, May 31; materials 75% complete; conversion 25% complete	35,000
Cost data:
Work in process inventory, May 1:
Materials cost	$ 102,300
Conversion cost	$ 45,600
Cost added during May:
Materials cost	$ 531,800
Conversion cost	$ 250,575

Required:

For May:

Compute the equivalent units of production for materials and conversion.
Compute the cost per equivalent unit for materials and conversion.
Compute the cost of ending work in process inventory for materials, conversion, and in total.
Compute the cost of units transferred out to the next department for materials, conversion, and in total.
Prepare a cost reconciliation report.

Compute the equivalent units of production for materials and conversion for May.

	Materials	Conversion
Equivalent units of production

Compute the cost per equivalent unit for materials and conversion for May. Note: Round your answers to 2 decimal places.

	Materials	Conversion
Cost per equivalent unit

Compute the cost of ending work in process inventory for materials, conversion, and in total for May. Note: Round your intermediate calculations to 2 decimal places.

	Materials	Conversion	Total
Cost of ending work in process inventory

Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. Note: Round your intermediate calculations to 2 decimal places.