Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]

Builder Products, Inc., 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 80% complete		10,000
Pounds started into production during May		100,000
Pounds completed and transferred out		?
Pounds in process, May 31: materials 60% complete; conversion 20% complete		15,000
Cost data:
Work in process inventory, May 1:
Materials cost	$	1,500
Conversion cost	$	7,200
Cost added during May:
Materials cost	$	154,500
Conversion cost	$	90,800

The company uses the weighted-average method.

Required:

1.	Compute the equivalent units of production.

Materials:

Conversion:

2.

Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.)

Materials:

Conversion:

3.	Determine the cost of ending work in process inventory and of the units transferred out to the next department. Cost of ending work in process inventory: Cost of units completed and transferred out: