Problem 4-16 Builder Products, Inc. uses the Weighted Average method of Process Costing. Units Materials Beginning WIP Units Started Units Completed & Transferred Ending WIP 2 Costs: 3 Beginning WIP Costs 1 Costs added during May 10,000 100,000 O 5 Required: 7 Step 1: Reconcile Flow of Goods 8 Step 2: Determine Equivalent Units of Production 9 Step 3: Calculate Cost per equivalent Units of Production 0 Step 4: Allocate Costs 1 Step 5: Reconcile costs 95,000 15,000 Uni S 100% 60% Conversion S 1,500 154,500 $ 80% 20% 7,200 90,800

Problem 4-16 Builder Products, Inc. uses the Weighted Average method of Process Costing. Required: Step 1: Reconcile Flow of Goods Step 2: Determine Equivalent Units of Production Step 3: Calculate Cost per equivalent Units of Production Step 4: Allocate Costs Step 5: Reconcile costs