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Chapter 4 Saved 3 Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5 10 points Builder Products, Inc, 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, Nay 11 materials 100 complete conversion 90 complete 61,000 260,000 Pounds started into production during Nay Pounds in process, May 31; materials 801 complete ounds completed and transferred out Print conversion 20t complete 21,000 Cost data Work in process inventory, May 1 Materials cost Conversion cost 58,800 21,100 References Cost added during Mays Naterials cost Conversion cost 305, 520 115,790 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 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 1Required 2 Required 3 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May Materials C Equivaient units of production Required 2> Chapter 4 Saved 3 Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5 10 points Builder Products, Inc, uses the weighted-average method in its process costing system. It manufactures a caulking compound that hrough three processing stages prior to completion, Information on work in the first department, Cooking, is given below for May: Production datat eBook Pounds in process, May 1: materials 100s complete; conversion 90 complete atarteted nd trans erter tou. sot complete'21,000 260,000 Pounds completed and transferred out Pounds in process, Hay 31: materials 8ot complete; Print conversion 20 complete Cost datat Work irn ess inventory, May 11 Materials cost Conversion cost 58,800 s 21,100 References Cost added during May Materials cost Conversion cost 303,520 $115,790 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 te 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 Prepare a cost reconciliation report for May Complete this question by entering your answers in the tabs below Required1 Required 2 Required 3 Requid4 Required S Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places ) Materials Convers Cost per equivalent unit K Required 1 Required 3> hapter 4 Saved 3 Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5 Builder Products, Inc., 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: oints Production datat pounds in process, May 1; materials 100% complete, eBook 61,000 260, 000 converision 90% Pounds started into produetion during May Pounds completed and transferred out Pounds in process, May 31, naterials 80% complete, 21,000 Print conversion 20% complete Cost data: Work in process inventory, May 1 Haterials cost Conversion cost s 58,800 s 21,100 References Cost added during May Materials cost Conversion cost $305,520 115.790 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. . 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 4 Required 5 Required 1 Required 2 Requ 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 Cost of ending work in process inventory Chapter 4 6 3 Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5) Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through May 10 points three processing stages prior to completion. Information on work in the f Production data Pounds in process, May 1: materials 100% complete; eBook 61,000 conversion 90% complete 260,000 21,000 s 58,800 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 80t complete Pint conversion 20% compl Cost data Work in process inventory, May 1 Materials cost Conversion cost s 21,100 References Cost added during May: $305, 520 Materials cost Conversion cost $115,790 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. g 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 Prepare a cost reconcillation report for May Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required4 Required Compute the cost of units transferred out to the next department for materials, intermediate calculations to 2 decimal places.) conversion, and in total for May. (Round your Cost of units completed and transferred out Chapter 4 Saved 3 Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5) 10 points Builder Products, Inc.,,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 datas Pounda in process,May 1i materials 1001 completei conve rs ion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 materials 80 complete 61,000 260,000 Print conversion 20% complete 21,000 Cost datar Work in process inventory, Nay 1i s 58,800 s21,100 Conversion eost References Cost added during Mays Naterials cost Conversion cost 305,520 $115.790 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 Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.) ost Costs to be accounted for