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: 10,000 100,000 2 Production data Pounds in proces, May 1; materials 100% complete conversion 80complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materiale 601 complete conversion 201 complete Cont data: Work in process inventory. May 11 Materials cost Conversion cont Cost added during May Materiale cont Conversion cost 15,000 $1,500 $ 7,200 $154,500 $ 90,000 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 sook Required 1 Required 2 Required 3 Required 4 Required 5 Print Materials Compute the equivalent units of production for materials and conversion for May. Conversion Equivalent units of production Required 1 Required 2 > Print Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Materiais Conversion Cost per equivalent unit Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (Round your Intermediate calculations to 2 decimal places.) Materials Conversion Total Cont of units completed and transferred out Print Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.) Cost Reconciliation Costs to be accounted for Total cost to be accounted for Costs accounted for as follows: Total cost accounted for