Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below:

	Tons of Pulp	Percent Completed
		Materials	Labor and Overhead
Work in process, June 1	81,600	90%	22%
Work in process, June 30	50,300	43%	20%
Started into production during June	301,600

Required:

1. Compute the number of tons of pulp completed and transferred out during June.

2. Compute the equivalent units of production for materials and for labor and overhead for June.

Weston Products manufactures an industrial cleaning compound that goes through three processing departmentsGrinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:

Work in ProcessGrinding Department
Debit		Credit
Inventory, May 1	353,850	Completed and transferred to the Mixing Department	?
Materials	838,050
Conversion	445,760
Inventory, May 31	?

The May 1 work in process inventory consisted of 105,000 pounds with $219,450 in materials cost and $134,400 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 365,000 pounds were started into production. The May 31 inventory consisted of 139,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method in its process costing system.

Required:

1. Compute the Grinding Department's equivalent units of production for materials and conversion in May.

2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May.

3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May.

4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May.

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	74,000
Pounds started into production during May	390,000
Pounds completed and transferred out	?
Pounds in process, May 31; materials 70% complete; conversion 30% complete	34,000
Cost data:
Work in process inventory, May 1:
Materials cost	$ 98,800
Conversion cost	$ 44,000
Cost added during May:
Materials cost	$ 513,830
Conversion cost	$ 242,130

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.

"I think we goofed when we hired that new assistant controller," said Ruth Scarpino, president of Provost Industries. "Just look at this report that he prepared for last month for the Finishing Department. I cant understand it."

Finishing Department costs:
Work in process inventory, April 1, 1,300 units; materials 100% complete; conversion 88% complete	$ 8,697*
Costs transferred in during the month from the preceding department, 2,800 units	31,901
Materials cost added during the month	13,265
Conversion costs incurred during the month	27,590
Total departmental costs	$ 81,453
Finishing Department costs assigned to:
Units completed and transferred to finished goods, 3,500 units at $23.270 per unit	$ 81,453
Work in process inventory, April 30, 600 units; materials 0% complete; conversion 40% complete	0
Total departmental costs assigned	$ 81,453

*Consists of cost transferred in, $4,302; materials cost, $2,065; and conversion cost, $2,330.

"He's struggling to learn our system," replied Frank Harrop, the operations manager. "The problem is that he's been away from process costing for a long time, and it's coming back slowly."

"It's not just the format of his report that I'm concerned about. Look at that $23.270 unit cost that he's come up with for April. Doesn't that seem high to you?" said Ms. Scarpino.

"Yes, it does seem high; but on the other hand, I know we had an increase in materials prices during April, and that may be the explanation," replied Mr. Harrop. "Ill get someone else to redo this report and then we can see whats going on."

Provost Industries manufactures a ceramic product that goes through two processing departmentsMolding and Finishing. The company uses the weighted-average method in its process costing.

Required:

1-a. Calculate the equivalent units of production.

1-b. Calculate the cost per equivalent unit. (Round your answers to 2 decimal places.)

1-c. How much cost should have been assigned to the ending work in process inventory? (Round your intermediate calculations to 2 decimal places.)

1-d. How much cost should have been assigned to the units completed and transferred to finished goods? (Round your intermediate calculations to 2 decimal places.)