3 Problem 4-16 Comprehensive Problem-Welghted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May ints Production data: eBook Pounds in process, May 1; materials 18e% complete; conversion ge% complete Pounds started into production during May Pounds Pounds in process, May 31; materials 60% complete ; 88,808 538,8ee completed and transferred out Print conversion 48% complete 65,808 Cost data: Work in process inventory, May 1: $186,808 $ 59,70e Materials cost Conversion cost Cost added during May Materials cost Conversion cost References $551,128 $328,238 Requlrec: 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 1Required 2Required 3 Required 4Required 5 Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Total Cost of units completed and transferred out