Builder Products. Inc.r manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the
Please answer these. They aren't hard. Just not good at accounting.
Builder Products. Inc.r manufactures a caulking compound that goes through three processing stages priorto completion. Information on work in the first department, Booking, is given below for May: Production data:Pounds in process. May 1; materials100% complete; conversion 90% complete Elliot)Pounds started into production during May szoromPounds completed and transferred out 7Pounds in processI May 31:materials TEE-ta complete; conversion 25% complete 2?.000Cost data:Wont in process inventoryr May 1:Materials cost 5 F8500Conversion cost 5 20300Cost added during May:Materials cost 5 4032211)Conversion cost 5 111E?!) The company uses the weighted—average method. Required:1. Compute the equivalent units of production. Equivalent units of production _ _ 2. Compute the costs per equivalent unit for the month. [Round your aruwers to 2 decimal places.) 3. Determine the cost of ending work in process inventory and of the units transferred out to the nextdepartment. [Round your intermediate calculation to 2 decimal places.) Cost of ending work in process inventory Cost of units completed and transferred out
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