need question number 2

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 75,000 400,000 2 35,000 Production data: Pounds in process, May 1; materials 100complete; conversion 908 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 751 complete; conversion 25% complete Cost datat Work in process inventory, May 11 Materials cost Conversion cost Cost added during May! Materials cost Conversion cost $102,300 $ 45,600 $531,800 $250,575 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. Homework Swed Help Save & Exit Check f. Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, S720.000 9. Completed units were sold on account, $1,350,000. The Cost of Goods Sold was $670,000. 2. Post the journal entries from (1) above to T-accounts. The following account balances existed at the beginning of March. The beginning balance in the Refining Department's Work In Process is given in the T-account shown above.) Raw materials Work in process-Blending Department Finished goods $207,600 $ 58,000 $ 15,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the journal entries from Requirement 1 to T-accounts. Accounts Receivable Raw Materials 207,600 Beg Bal 189,600 Beg Bal 1,350,000 18,000 End. Bal End Bal 1,350,000 Work in Process - Blending Department Work in Process-Refining Department Beg Bal Beg Bal. div