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Need all parts answered 1-5 all of them. sorry about that here you go. Builder Products, Incorporated, uses the weighted-average method in its process costing
Need all parts answered 1-5 all of them.
sorry about that here you go.
Builder Products, Incorporated, 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: 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 transfecred out to the next department for materials, conversion, and in total for May. 5. Prepare a cost reconciliation roport for May. Complete this question by entering your answers in the tabs below. Compute the equivalent units of production for materials and conversion for May. Complete this question by entering your answers in the tabs below. Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 de Compute the cost of ending work in process inventory for materiais, conversion, and in total for May. (Rou Intermediate calculations to 2 decimal places.) Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (fiound intermediate catcutation to 2 dedimat bisces.) Complete this question by entering your answers in the tabs below. Compute the cost of units transferred out to the next departmentfor materials, conversion, and in total for May. (Round intermediate calculations to 2 decimal places.) Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal pla Production data: Pounds in process, May 1; materials 1008 complete; conversion 908 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 708 complete; conversion 308 complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost 82,000 470,000 ? 42,000 $152,300 $52,300 $791,650 $287,390 Required
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