2 Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, L04-3, L04-4, L04-5) Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages pelor to completion Information on work in the first department Cooking, is given below for May 25 points ebook 69,000 340,000 Production data Pounds in process, May 1: materials 100 complete conversion 90complete Pounds started into production during May Pounds completed and transferred but Pounds in process, May 311 materials 80% complete conversion 209 complete Cost datat Work in process inventory, May 11 Materials cost Conversion cost Cost added during May Materials cost Conversion cost 15,000 $ 78,000 $ 15,300 3405.10 $ 23,950 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 reconciliation report for May Complete this question by entering your answers in the tabs below. Du LUUL Work in process inventory, May 11 Materials cost Conversion cost Cost' added during May Materials cost Conversion cost $ 78,000 $ 15,388 $405, 140 $ 83,950 ances 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 reconciliation report for May. Complete this question by entering your answers in the tabs below. Required: Required 2 Required Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May Materiale Conversion Equivalent units of production Required 2 >