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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:

Production data:

Units in process, May 1: 100% to materials and 80% to labour and overhead

16,700

Units started into production during May

127,000

Units completed and transferred out

117,000

Units in process, May 31: 60% to materials and 20% to labour and overhead

?

Cost data:

Work-in-process inventory, May 1:

Materials cost

$

2,850

Labour cost

3,760

Overhead cost

7,700

Cost added during May:

Materials cost

194,000

Labour cost

37,600

Overhead cost

90,400

Materials are added at several stages during the cooking process, whereas labour and overhead costs are incurred uniformly. The company uses the weighted average cost method. The company combines labour and overhead into a single cost categoryconversion cost.

Required:

production report for the cooking department for May. Use the following three steps in preparing your report:

1. quantity schedule and a computation of equivalent units.

Quantity Schedule

Units to be accounted for:

Work in process, May 1

Units brought into production and fully completed during the month

Total units

0

Equivalent Units (EU)UnitsMaterialsLabourOverheadUnits accounted for as follows:Transferred outUnits brought into production and fully completed during the monthTotal units and equivalent units of production0000

2.Compute the costs per equivalent unit for the month.(Round your answers to 3 decimal places.)

MaterialsLabourOverheadCosts per equivalent unit

3.Using the data from parts (1) and (2), cost reconciliation.(Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.)

Note: There is difference of "$28" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"".

Equivalent Units (EU)

Total CostMaterialsLabourOverheadCost accounted for as follows:Work in process, May 31:Total work in process0Total cost$0

4.production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3).(Leave no cells blank, enter "0" wherever required. Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.)

Quantity Schedule and Equivalent Units

Quantity ScheduleUnits to be accounted for:Total units0Equivalent Units (EU)UnitsMaterialsLabourOverheadUnits accounted for as follows:Total units and equivalent units of production0000

Cost per Equivalent Unit

MaterialsLabourOverheadCosts per equivalent unit

Cost Reconciliation

Note: There is difference of "$28" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"".

Equivalent Units (EU)Total CostMaterialsLabourOverheadCost accounted for as follows:Prior period cost in Work in Process, May 1$14,310Cost incurred during May:To complete units in Work in Process, May 1Total0To partially complete units in Work in Process, May 31Total0Total cost$14,310Cost transferred out, May 31$14,310

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