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 Units in process, May 1: 100% complete as to materials and % complete as to labour and overhead Units started into production during May Units completed and transferred aut Units in process, May 31 6 complete as to naterials and 20% complete as to labour and overhead Cost data work-in-process inventory, May 31 Materials cost Labour cost Overhead cost Cost added during May Materials cost Labour cost Overhead cost 15,500 115,000 105,000 $2,250 2,000 6,500 174,400 26, Materials are added at several stages during the cookend brocess, 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 category conversion cost Required: Prepare a production report for the cooking deportment for Mey. Use the following three steps in preparing your report 1. Prepare e quantity schedule and a computation of equivalent units Units to be assounted for Work in process Va Staned into production Tplants Quantity Schedule 15.500 115.000 130.500