Bullder 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 $100\%$ complete;

conversion $90\%$ complete $55,000$

Pounds started into production during May $330,000$

Pounds completed and transferred out

Pounds in process, May $31$ ; materials $60\%$ complete;

conversion $48\%$ complete $15,000$

cost data:

Work in process inventory, May $1$:

Materials cost $$78,900$

Conversion cost $$23,700$

cost added during May:

Materials cost $$410,010$

Conversion cost $$130,460$

Required:

Compute the equlvalent units of production for materlals and conversion for May.

Compute the cost per equlvalent 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 materlals, conversion, and in total for May.

Prepare a cost reconcillation report for May.

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Compute the equivalent units of production for materials and conversion for May.