# Builder Products, Inc., uses the weighted average method in its process costing system. It manufactures a...

###### Question:

Builder Products, Inc., 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: 10,000 100,000 ? Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 60% complete; conversion 20% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost 15,000 $1,500$ 7,200 $154,500$ 90,800 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 in 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. 5. Prepare a cost reconciliation report for May.

#### Similar Solved Questions

##### The brass shell (ab = 11.6 x 10-61°F) is fully bonded to the steel core (as...
The brass shell (ab = 11.6 x 10-61°F) is fully bonded to the steel core (as = 6.5 x 10- 6/°F). Determine the largest allowable increase in temperature if the stress in the steel core is not to exceed 8 ksi. (Round the final answer to one decimal place.) Steelcore E 29 X 10 psi Bruschell E = ...
##### In the diagram on the right the consumer's original budget line is L1, and the consumer buys the amount of good X a...
In the diagram on the right the consumer's original budget line is L1, and the consumer buys the amount of good X at point A. Then the price of good X decreases dramatically so that the consumer's new budget line shifts to L2. After the price decrease the consumer buys the amount of good X a...
##### Which of the following statements about income distribution in the United States is NOT true? Over...
Which of the following statements about income distribution in the United States is NOT true? Over the past several decades, the rich have grown richer. Over the past several decades, the middle class has grown faster than other classes. Over the past several decades, the poor have...
##### How do you verify sec^4x-sec^2x=tan^4x+tan^2x?
How do you verify sec^4x-sec^2x=tan^4x+tan^2x?...
##### A mother comes in with 9-month-old girl. The infant is 68.5cm in length (25th percentile per...
A mother comes in with 9-month-old girl. The infant is 68.5cm in length (25th percentile per CDC growth chart), weighs 6.75kg (5th percentile per CDC growth chart), and has a head circumference of 43cm (25th percentile per CDC growth chart). Describe the developmental markers a nurse should assess f...
##### Unknown E is a transition metal halide of the metal in A. The metal ion has...
Unknown E is a transition metal halide of the metal in A. The metal ion has the electron configuration [Ar]3d6. What is the identity of E?...
##### How do you solve 2x + 7y = 30 and x = 48 - 9y using substitution?
How do you solve 2x + 7y = 30 and x = 48 - 9y using substitution?...
##### 10.8 A 2.0 kg mass (mi) moves with an initial velocity Vu,nit = 4.01 +5.0 -...
10.8 A 2.0 kg mass (mi) moves with an initial velocity Vu,nit = 4.01 +5.0 - 2.0k m/s. It collides with a second mass (m2) that was initially at rest. Immediately after colliding, mi is found to have a velocity of £3,0 hy) Vufinal = -2.0f + 3.0 m/s. Find the velocity that m2 has immediately aft...
##### The price elasticity of demand measures 0.4. Which of the following statements is correct? Choose one:...
The price elasticity of demand measures 0.4. Which of the following statements is correct? Choose one: a. The product in question is a substitute. b. The product in question is a luxury product. c. This is unit elasticity. d. The product in question is a necessity. e. The product in question is infe...
##### A 23.09 g sample of a substance is initially at 25.9 °C. After absorbing 1239 J...
A 23.09 g sample of a substance is initially at 25.9 °C. After absorbing 1239 J of heat, the temperature of the substance is 131.5 °C. What is the specific heat (SH) of the substance? SH...
##### O STOICHIOMETRY Finding chemical formulae from a mole ratio An unknown compound has the following chemical...
O STOICHIOMETRY Finding chemical formulae from a mole ratio An unknown compound has the following chemical formula: PbO where x stands for a whole number. Measurements also show that a certain sample of the unknown compound contains 4.0 mol of oxygen and 3.9 mol of lead. Write the complete chemical ...
##### The kinetic energy of the International Space Station in its orbit about the Earth is 1.25E7...
The kinetic energy of the International Space Station in its orbit about the Earth is 1.25E7 MJ. What is the station's DeBroglie wavelength? The mass of the station is 4.2005 kg. 2.0E-40 m O 2.0E-32 m 3.1E-17 m 0 2.0E-43 m O 1.3E-46 m...