Builder Products, Inc., manufactures a caulking compound that goes through three

Question

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:

The company uses the weighted-average method.

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

3.) Determine the cost of ending work in process inventory and of the units transferred out to the next department. (Round your intermediate calculation to 2 decimal places.)

4.) Prepare a cost reconciliation report for the month.

Cost Reconciliation (Please fill in the blanks)

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:

Explanation / Answer

Equivalent units

cost per unit

Beginning wip 70,000 Completed and transferred 390,000 Started during the yea r 350,000 ending Wip 30,000 units to be accounted 420,000 units accounted for 420,000

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