Question: 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

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 80% complete;
Conversion 50% complete 30,000
Pounds started into production during November
Pounds completed and transferred out
Pounds in process; Nov 30; Materials 50% complete;
Conversion 30% complete
Cost data:
Work in process inventory, Nov 1:
Materials Cost $35,000
Conversion Cost $22,300
Cost added during November:
Conversion Cost $175,500
The company uses the weighted-average method.
a. Compute the equivalent units (pounds) of productior ?20203102 Intro Managerial
Accounting_ACCY_2002_10
b. Compute the total cost per equivalent unit (pound) for the month (3 points).
c. Determine the total cost of ending work in process inventory (2 points).
d. Determine the total cost of units (pounds) transferred out to the next department (2 points).
e. After pounds of compound have been cooked, the next processing department is the heating department. Create a journal entry for the transfer of pounds of
compound from the cooking department to the heating department (2 points)
 Bobby Builders manufactures caulking compound that goes through three processing stages

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