Question: Bulder Products, Incorporated, uses the weighted - average method in its process costing system. It manufactures a caulking compound that goes through three processing stages

Bulder 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 glven below for May:
Production data:
pounds in process, May 1 ; materials 166 complete; conversion 96% complete
Pounds started into production during May
65,600
900,900
Pounds completed and transferred out
396,906
Pounds in process, May 31, materials 80% complete,
conversion 20% complete
25,460
cost data:
Work in process inventory, May 1:
Materials cost
Conversion cost
cost added during May:
Materials cost
Conversion cost
$24,400
(3)384,400
$ 134,360
Requlred:
Compute the equivalent units of production for materials and conversion for May.
Compute the cost per equivalent unit for materlals and conversion for May.
Compute the cost of ending work in process inventory for materlals. conversion, and in total for May.
Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.
Prepare a cost reconciliation report for May.
Complete this question by entering your answers in the tabs below.
Required 2
Required 3
Required 4
Required 5
Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.)
\table[[Cost Reconciliation],[Costs to be accounted for:,],[,],[,],[Total cost to be accounted for,$
 Bulder Products, Incorporated, uses the weighted-average method in its process costing

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