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

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 71,000 360,000 conversion 90% complete d into production during May Pounds completed and transferred out conversion 258 complete 31,000 Cost data: $ 90,100 $ 46,400 cost Conversion co t $468,590 $255,335 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. e the cost of ending work in process inventory for materials, conversion, and in total for May. e 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. Required 1 Required 2 Required 3 Required 4 Required 5

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