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PLEASE CORRECT THE RED! Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the
PLEASE CORRECT THE RED!
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 78,000 100% complete, conversion 90% complete 430,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: 38,000 materials 70% complete; conversion 30% complete Cost data: Work in process inventory, May 1: 140,200 Materials cost 70,400 Conversion cost Cost added during May 728,850 Materials cost 386,930 Conversion cost The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. Answer is complete and correct Materials Conversion 496,600 481,400V Equivalent units of productionStep by Step Solution
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