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: Materials are added at several stages during the cooking process, whereas labour and overhead costs are incurred uniformly. The company uses the weighted average cost method. The company combines labour and overhead into a single cost categoryconversion cost. Requlred: Prepare a production report for the cooking department for May. Use the following three steps in preparing your report: 1. Prepare a quantity schedule and a computation of equivalent units. 2. Compute the costs per equivalent unit for the month. (Round your answers to 3 declmal places.) 3. Using the data from parts (1) and (2). prepare a cost reconciliation. (Round "Cost per equlvalent unlt" to 3 declmol places and the rest to the nearest dollor amount.) Note: There is difference of " $32 " in both the values due to rounding and we feel a note which reads: "Due to rounding. your "Cost accounted for" may not be equal to "Cost to account for" 4. Prepare a production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3). (Leave no cells blank, enter "O" wherever requlred. Round "Cost per equlvolent unlt" to 3 declmal places and the rest to the neorest dollar amount.) Cost per Equivalent Unit Cost Reconciliation Note: There is difference of " $32 " in both the values due to rounding and we feel a note which reads: "Due to rounding. your "Cost accounted for" may not be equal to "Cost to account for" 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: Materials are added at several stages during the cooking process, whereas labour and overhead costs are incurred uniformly. The company uses the weighted average cost method. The company combines labour and overhead into a single cost categoryconversion cost. Requlred: Prepare a production report for the cooking department for May. Use the following three steps in preparing your report: 1. Prepare a quantity schedule and a computation of equivalent units. 2. Compute the costs per equivalent unit for the month. (Round your answers to 3 declmal places.) 3. Using the data from parts (1) and (2). prepare a cost reconciliation. (Round "Cost per equlvalent unlt" to 3 declmol places and the rest to the nearest dollor amount.) Note: There is difference of " $32 " in both the values due to rounding and we feel a note which reads: "Due to rounding. your "Cost accounted for" may not be equal to "Cost to account for" 4. Prepare a production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3). (Leave no cells blank, enter "O" wherever requlred. Round "Cost per equlvolent unlt" to 3 declmal places and the rest to the neorest dollar amount.) Cost per Equivalent Unit Cost Reconciliation Note: There is difference of " $32 " in both the values due to rounding and we feel a note which reads: "Due to rounding. your "Cost accounted for" may not be equal to "Cost to account for