5 value: 1.00 points 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 10,000 100% complete, conversion 80% Pounds started into production during Pounds completed and transferred out complete 100,000 May Pounds in process, May 31 materials 60% complete, conversion 15,000 20% complete Cost data Work in process inventory, May 1 Materials cost Conversion cost $1,500 $ 7,200 Cost added during May: Materials cost 154,500 90,800 Conversion cost The company uses the weighted-average method Required 1. Compute the equivalent units of production Materials Conversion Equivalent units of uction 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) Materials Conversion Cost per uivalent unit 3. Determine the cost of ending work in process inventory and of the units transferred out to the next department. (Do not round your intermediate calculations.) Total Cost of ending work in process invento Cost of units completed and transferred out