Builder Products, incorporated, uses the weighted average method in its process costing system, it manufactures a caulki

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Builder Products Incorporated Uses The Weighted Average Method In Its Process Costing System It Manufactures A Caulki 1 (22.21 KiB) Viewed 41 times

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 Pents in process, May 3; materials ses completes conversion complete Pounds started into production during y Pods completed and transferred out Pus in process, May 11, materiale complete Cost detai work in process century, May 1 Materials t Conversion cest Chat ada diring materials cost complete conversion $5,000 510,000 alent units of production 55,000 $94,200 143,440 Complete this question by entering your answers in the tabs below. Weertale 1510,375 $ 344,35 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 as 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 S Prepare a cost rece ciliation report for May Nared Required 2 Repored 3 Required 4 Fequired 5 Compute the equivalent units of production for materials and conversion for May Comment You skippers Required 2 >