Builder Products- Incorporated- uses the weighted-average method in it.pdf

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Builder Products uses a weighted-average process costing system to manufacture caulking compound through three stages. Information is provided on the first stage, Cooking, in May including beginning work in process, units started and completed, and ending work in process. The document requests calculations of equivalent units, cost per equivalent unit, and cost of inventory and units transferred out for materials and conversion for the Cooking department in May.

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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:
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 reconcillation report for May. Complete this question by entering
your answers in the tabs below. Compute the equivalent units of production for materials and
conversion for May.

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