Question: Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound goes through three processing stages prior to completion.

 Builder Products, Inc., uses the weighted-average method in its process costingsystem. It manufactures a caulking compound goes through three processing stages priorto completion. Information on work in the first department, Cooking, is givenbelon May: Required: 1. Compute the equivalent units of production for materialsand conversion for May. 2. Compute the cost per equivalent unit formaterials and conversion for May. 3. Compute the cost of ending work

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given belon May: 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. Compute the equivalent units of production for materials and conversion for May. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.)

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