ON QUESTION 4 MY COSTS TO BE ACCOUNTED FOR IS INCORRECT

Problem 4-16 Comprehensive Problem-Weighted-Average Method ILO4-2, 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 72,000 370,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: 32,000 materials 60% complete, conversion 40% complete Cost data: Work in process inventory, May 1 Materials cost 72,700 48,800 Conversion cost Cost added during May 377,960 Materials cost Conversion cost 268,300 The company uses the weighted-average method Required: 1. Compute the equivalent units of production Materials Conversion 429,200 Equivalent units of production 422,800 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit 1.05 0.75