Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what answer require 1 to 5 please Bullder Products, Inc., uses the welghted-average method in its process costing system. It manufactures a caulking compound that

what answer require 1 to 5 please image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Bullder Products, Inc., uses the welghted-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: 10,000 100,000 2 Production data Pounds in procesa, May 1; materials 100 complete; conversion 801 complete Pounds started into production during May Pounds completed and transferred out Pounde in process, May 31: materials 60completes Conversion 20% complete Cont data: Work in process inventory, May 1: Materials cont Conversion cont Cont added during May Materials cont Conversion cost 15,000 $1,500 $ 7,200 $154,500 $ 90,800 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. ces Required 1 Required 2 Required 3 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for Materials Conversion Equivalent units of production Required 1 Required 2 Required 3 Required 4 Required 5 Compute the cost per equivalent unit for materials and conversion for May. (Round your ans Materials Conversion Cost per equivalent unit Required 1 Required 2 Required 3 Required 4 Required 5 Compute the cost of ending work in process inventory for materials, conversion, and in to intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Required 1 Required 2 Required 3 Required 4 Required 5 Compute the cost of units transferred out to the next department for materials, conversion, an Intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for May. (Round your intermediate cald Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Auditing Standards For Islamic Financial Institutions

Authors: Mohd MaSum Billah

1st Edition

103206353X, 978-1032063539

More Books

Students also viewed these Accounting questions