Chapter 05 Homework Help Save 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 soints 75,000 400,000 Skipped Production data: Pounds in process, May 1) Bateriale 1001 complete; conversion 901 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materials 756 completes conversion 256 complete Cost datat Work in process inventory. May 11 Materials cost Conversion cost Cost added during Hay: Materials cost Conversion cost 35,000 Book $102,300 $ 45,600 $531,800 $250,575 References 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 apter 05 Homework 0 Saved Help A Dune FIVULL, IL, USES urewery Oveidyetu U lusly by 10 TIGLIE LOUR L Uuru u goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May 75.000 400,000 Prodaetion data Pounds in process, May 1; materials 100% complete conversion 900 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 materials 756 complete conversion 256 complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May Materials cost Conversion cost 35,000 eBook $102,300 $ 45,600 $531,800 $250,575 Print O References 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 cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Chapter 05 Homework May: 75.000 400,000 points Skipped 35,000 Production datat Pounds in process, May 17 materials 1001 complete; conversion 900 complete Pounds started into production daring May Pounds completed and transferred out Pounds in process, May 31 materiale 750 complete conversion 258 complete Coat data: Work in process inventory. May 1: Materials cost Conversion coat Cost added during May: Materials cost Conversion coat $102,300 $ 45,600 eBook $531,800 $250,575 References 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 cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Saved Chapter 05 Homework May: 75,000 400,000 points Skipped 35,000 Production datat 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 758 complete; conversion 256 complete Cost data! Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost $102,300 $ 45,600 cBook $531,800 $250,575 Print References 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 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 Total Cost of units completed and transferred out Chapter 05 Homework $102,300 $ 45,600 Work in process inventory, May 11 Materials cost Conversion cost Cost added during May: Materiale cost Conversion cost $531,800 $250.575 points Skoped 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 2 Required 1 Required 3 Required 4 References 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