Builder products Inc. 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 m 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; concersion 90% complete 77,000

Pounds started into production during may. 420,000

Pounds completed and transferred out. ?

Pounds in process, may 31 ; materials 80% complete ; conversion 20% complete. 37,000

Cost data:

Work in process inventory, may 1:

Materials cost. $130,300

Conversion. Cost $61,100

Cost added during may:

Materials cost. $677,540

Conversion cost. $336,190

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 total for may

5 prepare a cost reconciliation repoet for may