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QUESTION

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.

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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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