1. Bobby Builders manufactures caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking is given below for the month of November:

Production data:

Pounds of process, Nov 1; Materials 100% complete;

Conversion 80% complete 10,000

Pounds started into production during November 100,000

Pounds completed and transferred out ?

Pounds in process; Nov 30; Materials 60% complete;

Conversion 20% complete 15,000

Cost data:

Work in process inventory, Nov 1:

Materials Cost $1,500

Conversion Cost $7,200

Cost added during November:

Materials Cost $154,500

Conversion Cost $90,800

The company uses the weighted-average method.

1. Compute the equivalent units of production.

2. Compute the cost per equivalent unit for the month.

3. Determine the cost of ending work in process inventory and of the units transferred out to the next department.

4. Prepare a cost reconciliation report for the month.