10 points Seve QUESTION 7 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 Pounds in process, May 1; materials 100% complete, conversion 80% complete Pounds started into production during May Pounds completed and transfered out Pounds in process, May 31; materials 60% complete: conversion 20% complete Cost data Work in process inventory, May 1 Materials cost Conversion cost Cost added during May Materials cost Conversion coel 4. Prepare a cost reconciliation report for the month. 10.000 100,000 $1,500 $7,200 15.000 $154.500 $90,000