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Please fill out the blanks for the following questions Builder Products, Inc. manufactures a caulking compound that goes through three processing stages prior to completion.
Please fill out the blanks for the following questions
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: 117 aaa le7 ,aa 174 , Production data: Units in process, May I: Ie% complete as complete as to labour and overhead Units started into production during May Units completed and transferred out Units in process, May 31: complete as complete as to labour and overhead Cost data: Work n-process inventory, May I: Materials cost Labour cost Overhead cost Cost added during May: Materials cost Labour cost Overhead cost to to materials materials and and 15, 7aa 2,35a 2, esa 6,7aa 29, saa 78 , 4aa Materials are added at several stages during the cooking process, whereas labour and overhead costs are incurred uniformly. The company uses the weighted average cost method. The company combines labour and overhead into a single cost category conversion cost Required: Prepare a production report for the cooking department for May. Use the following three steps in preparing your report. 1. Prepare a quantity schedule and a computation of equivalent units. uantity units to be accounted for: Total units
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