Question: Builder Products, Inc., uses the weighted average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior
Builder Products, Inc., uses the weighted 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 1e, eee 100,000 Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 68% complete; conversion 20% complete Cost data: Work in process inventory, May 11 Materials cost Conversion cost Cost added during May: Materials cost Conversion cost 15,000 $ $ 1,500 7,200 $154,500 $ 90,800 Required: Compute the cost of ending work in process inventory for materials and conversion for May. Requirement Compute the cost of ending work in process inventory for materials and conversion for May. (Round your intermediate Calculations to 2 decimal place input your answers in whole dollars.) Materials Conversion
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