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I need help with this please Problem 4-16A Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Builder Products, Inc., manufactures a caulking compound that goes through

I need help with this please

Problem 4-16A Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]

Builder Products, Inc., 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 90,000
Pounds started into production during May 550,000
Pounds completed and transferred out ?
Pounds in process, May 31: materials 70% complete; conversion 30% complete 50,000
Cost data:
Work in process inventory, May 1:
Materials cost $ 152,300
Conversion cost $ 63,300
Cost added during May:
Materials cost $ 791,450
Conversion cost $ 348,100

The company uses the weighted-average method.

Required:
1. Compute the equivalent units of production.

2.

Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.)

3.

Determine the cost of ending work in process inventory and of the units transferred out to the next department. (Round your intermediate calculation to 2 decimal places.)

4.

Prepare a cost reconciliation report for the month. (Do not round your intermediate calculations.)

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