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 80 complete as to labour and overhead 15 ,900 Units started into production during May 119,000 Units completed and transferred out 109,000 Units in process, May 31: 60$ complete as to materials and 201 complete as to labour and overhead ? Cost data: Work-in-process inventory, May 1: Materials cost $ 2,450 Labour cost 3, 120 Overhead cost 6,900 Cost added during May: Materials cost 178, 000 Labour cost 31 , 200 Overhead cost 80, 800 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 category- conversion cost. Required: 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