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in Course: 2022SP Prin of Manag x McGraw-Hill Education Campu: x Question 3 - EXAM #2 - Conne X Finishing Department costs: W x * Course Hero ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti.. Q D # Update ili Apps M Gmail @ YouTube % Maps 24 Psych Summer P GEO & Lab Geo Reading List EXAM #2 i Saved Help Save & Exit Submit Check my work 3 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: 25 points Production data: Pounds in process, May 1; materials 1008 complete; conversion 908 complete 90,000 Pounds started into production during May 550,000 Pounds completed and transferred out Pounds in process, May 31; materials 708 complete; conversion 308 complete 50,000 Cost data: Work in process inventory, May 1: Materials cost $ 152, 300 Conversion cost $ 63,300 Cost added during May: Materials cost $ 791, 450 Conversion cost $ 348, 100 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Required 1 Required 2 Mc Graw in Course: 2022SP Prin of Manag x McGraw-Hill Education Campu: x Question 3 - EXAM #2 - Conne x Finishing Department costs: W x * Course Hero ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti.. Q D # Update iii Apps M Gmail . YouTube % Maps 24 Psych Summer P GEO & Lab Geo Reading List EXAM #2 i Saved Help Save & Exit Submit Check my work 3 conversion 908 complete 90,000 Pounds started into production during May 550,000 Pounds completed and transferred out Pounds in process, May 31; materials 708 complete; conversion 308 complete 50,000 Cost data: 25 Work in process inventory, May 1: points Materials cost $ 152, 300 Conversion cost $ 63,300 Cost added during May: Materials cost $ 791, 450 Conversion cost $ 348 , 100 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Mc Graw in Course: 2022SP Prin of Manag x McGraw-Hill Education Campu: x Question 3 - EXAM #2 - Conne x Finishing Department costs: W x * Course Hero ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti.. Q D # Update iii Apps M Gmail . YouTube % Maps 24 Psych Summer P GEO & Lab Geo Reading List EXAM #2 i Saved Help Save & Exit Submit Check my work 3 conversion 908 complete 90,000 Pounds started into production during May 550,000 Pounds completed and transferred out Pounds in process, May 31; materials 708 complete; conversion 308 complete 50,000 Cost data: 25 Work in process inventory, May 1: points Materials cost $ 152, 300 Conversion cost $ 63,300 Cost added during May: Materials cost $ 791, 450 Conversion cost $ 348 , 100 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 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.) Materials Conversion Total Cost of ending work in process inventory Mc Graw in Course: 2022SP Prin of Manag x McGraw-Hill Education Campu: x Question 3 - EXAM #2 - Conne x Finishing Department costs: W x * Course Hero ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti.. Q D # Update ili Apps M Gmail YouTube % Maps 24 Psych Summer P GEO & Lab Geo Reading List EXAM #2 i Saved Help Save & Exit Submit Check my work 3 Cost added during May: Materials cost $ 791, 450 Conversion cost $ 348, 100 Required: 25 1. Compute the equivalent units of production for materials and conversion for May. points 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.) Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for