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Please fill in the following charts Builder Products, Inc. manufactures a caulking compound that goes through three processing stages prior to completion. Information on work
Please fill in the following charts
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: 16,800 128,000 118,000 ? Production data: Units in process, May 1: 100% complete as to materials and 80% complete as to labour and overhead Units started into production during May Units completed and transferred out Units in process, May 31: 60% complete as to materials and 20% complete as to labour and overhead Cost data: Work-in-process inventory, May 1: Materials cost Labour cost Overhead cost Cost added during May: Materials cost Labour cost Overhead cost $ 2,900 3,840 7,800 196,000 38,400 91,600 Cost Reconciliation Note: There is difference of "$82" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"". Equivalent Units (EU) Materials Labour Overhead Total Cost Cost accounted for as follows: $ 14,540 Prior period cost in Work in Process, May 1 Cost incurred during May: To complete units in Work in Process, May 1 Total 0 To partially complete units in Work in Process, May 31 Total 0 Total cost 14,540 Cost transferred out, May 31 $ 14,540 Cost per Equivalent Unit Materials Labour Overhead Costs per equivalent unit 4. Prepare a production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3). (Leave no cells blank, enter "O" wherever required. Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.) Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for: Total units 0 Equivalent Units (EU) Materials Labour Overhead Units Units accounted for as follows: Total units and equivalent units of production 0 0
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