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 Production datat pounds in process, May 11 materials 100% complete ; 73,000 r ion 9 productioe out complete 33,000 conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materiala 808 complete 380,000 conversion 20% complete Cost data: Nork in process inventory, May 1t Materials cost Conversion cost $111,600 55,800 Cost added during May Materials cost Conversion cost $580,320 $306,810 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