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 to

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:

Production data:
Pounds in process, May 1; materials 100% complete; conversion 90% complete 65,000
Pounds started into production during May 300,000
Pounds completed and transferred out ?
Pounds in process, May 31; materials 80% complete; conversion 20% complete 25,000
Cost data:
Work in process inventory, May 1:
Materials cost $ 73,200
Conversion cost $ 24,400
Cost added during May:
Materials cost $ 380,400
Conversion cost $ 134,300

Required:

1. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (round to 2 decimal places)

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