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 60,000 250,000 100% complete, conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 materials 60% complete, conversion 40% complete Cost data Work in process inventory. May 1: 20,000 Materials cost Conversion cost 59,000 $ 23,400 Cost added during May: Materials cost Conversion cost S 306,420 $ 128,580 The company uses the weighted-average method Required: 1. Compute the equivalent units of production. Materials Conversion Equivalent units of production