***Answer round to 2 decimel places!1a.Equivalent units if production (materials)=?1b.Equivalent units if production (conversion)=?2a.cost per equivalent unit (materials)=?2b.cost per equivalent unit (conversion)=?3a.cost of ending work in process inventory (materials)=? 3b.cost of ending work in process inventory (conversion)=?3c.cost of ending work in process inventory (total)=?4a.cost of units completed and transferred out (materials)=?4b.cost of units completed and transferred out (conversion)=?4c.cost of units completed and transferred out (total)=?5. Cost reconciliation:cost to be accounted for:cost of beginning work in process inventory =? cost added to production during the period =?total cost to be accounted for =?costs accounted for as follows:cost of unit completed and transferred out=?cost of ending work in process inventory=?total cost accounted for=?

Builder Products, Incorporated, 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: Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete 84 , 000 Pounds started into production during May 490 , 000 Pounds completed and transferred out Pounds in process, May 31; materials 60% complete; conversion 40% complete 44, 000 Cost data: Work in process inventory, May 1: Materials cost $ 130, 200 Conversion cost $ 21 , 100 Cost added during May : Materials cost $ 676, 580 Conversion cost $ 115 , 800 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