Problem $4\mathrm{.}16($Algo$)$ Comprehenslve Problem$-$Weighted$-$Average Method $[$LO$4\mathrm{.}2,$ LO$4-3,$ LO$4\mathrm{.}4,$ LO$4\mathrm{.}5]$

Bullder Products, Incorporated, uses the weighted$-$average method of process costing. 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 $1$eex complete; conversion

$90\%$ complete

Pounds started into production during May $76,000$

Pounds completed and transferred out $410,000$

Pounds in process, May $31$; naterials $69x$ conplete; conversion

$46x$ conplete

cost data:

Work in process inventory, May $1$:

Materials cost

Conversion cost $ $$117,906$

$$53,600$

Materials cost May:

Conversion cost

$$613,$ e$80$

Required:

For May:

Compute the equivalent units of production for materials and conversion.

Compute the cost per equivalent unit for materials and conversion.

Compute the cost of ending work in process inventory for materials, conversion, and in total.

Compute the cost of units transferred out to the next department for materlals, conversion, and in total.

Prepare a cost reconciliation report.

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

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