Builder Products, Incorporated, 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 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 80% complete; conversion 20% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost Required 1 Required 2 Required 3 Required 4 Required 5 Complete this question by entering your answers in the tabs below. 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. Equivalent units of production 89,000 540,000 Materials 60,000 $ 124,400 $ 61,700 Conversion $ 646,850 $ 339,190 Compute the equivalent units of production for materials and conversion for May. Required 2 >

Builder Products, Incorporated, uses the welghted-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 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 ro the next department for materiais, conversion, and in total for May. 5. Prepare a cost ieconciliation report for May. Complete this question by entering your answers in the tabs below. Compute the equivaient units of production for materials and conversion for May. Complete this question by entering your answers in the tabs below. Compute the cost per equlvalent unit for materials and converaion for May. (Round your ancwers to 2 decimal places.) 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. Complete this question by entering your answers in the tabs below. Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.)