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: 69,000 340,000 2 Production datar Pounds in process, May 11 materials 1001 complete conversion so complete Pounds started into production during May Pounds completed and transferred out Pounds in proces, May 311 materials 80 complete conversion 201 complete Cout data Work in process inventory, May 11 Materials cost Conversion coat Cost added during Hayt Materials cost Conversion coat 15,000 $ 70,000 $ 15,300 $405,140 $ 83,950 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