Reference no: EM132583201

The Punjab Chemicals Mills Ltd., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the ?rst department, Cooking, is given below for May:

Production data:

Pounds in process, May 1; materials 100% complete; conversion 80% complete 13,600

Pounds started into production during May 106,000

Pounds completed and transferred out 99,800

Pounds in process, May 31; materials 80% complete; conversion 40% 19,800

Cost Data:

Work in process inventory, May 1:

Materials cost $2,100

Conversion cost $9,600

Cost added during May:

Materials cost $214,500

Conversion cost $138,800

Required:

Question 1. Compute the equivalent units of production.

Question 2. Compute the costs per equivalent unit for the month.