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 May ts 90,000 550,000 eBook Production data: Pounds in process, May 1: materials 100% complete conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materials 70% complete; conversion 30% complete Cost dato: Work in process inventory, May 1: Materials cost Conversion cost Cost added during Hay Materials cost Conversion cost 50,000 Print $152,309 $ 63,300 References 5.791,450 $340,100 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 in total for May 5. Prepare a cost reconciliation report for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Required 5 compute the equivalent units of production for materials and conversion for May Materials Conversion Equivalent units of production Required 2 >