Bullder Products, Incorporated, uses the welghted$-$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 glven below for

May:

Production data:

Pounds in process, May $1$; materials $100\%$ complete; conversion

$90\%$ complete $78,000$

Pounds started into production during May $430,000$

Pounds completed and transferred out

Pounds in process, May $31$; materials $70\%$ complete; conversion

$30\%$ complete $38,000$

Cost data:

Work in process inventory, May $1$:

Materials cost

Conversion cost

$$140,200$

Cost added during May:

Materials cost

$$728,850$

Conversion cost

$$386,930$

Required:

For May:

Compute the equivalent units of production for materlals and conversion.

Compute the cost per equivalent unit for materlals and conversion.

Compute the cost of ending work in process Inventory for materlals, conversion, and In total.

Compute the cost of units transferred out to the next department for materlals, conversion, and in total.

Prepare a cost reconcillation report.

Complete this question by entering your answers in the tabs below.

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