Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to...
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| 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 follows: |
| Production data: | |
| Pounds in process, May 1; materials 100% complete; conversion 77% complete | 10,400 |
| Pounds started into production during May | 111,000 |
| Pounds completed and transferred out | ? |
| Pounds in process, May 31; materials 62% complete; conversion 21% complete | 13,100 |
| Cost data: | |
| Work in process inventory, May 1: | |
| Materials cost | $2,200 |
| Conversion cost | $7,600 |
| Cost added during May: | |
| Materials cost | $148,500 |
| Conversion cost | $96,800 |
| | |
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