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:

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 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; 66,000 310,000 conversion 30% complete 26,000 Cost data: Work in process inventory, May 1: Materials cost Conversion cost $ 68,300 $ 19,300 Cost added during May: Materials cost Conversion cost $355,130 $105,930 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 Required1 Required 2 Required 3Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May Equivalent units of production Required 2> Required Required 2 Required 3 Required 4 Required 5 Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places) Cost per equivalent unit Required 1 Required 3> Required 1 Required 2 Required 3 Required 4Required 5 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.) Cost of ending work in process inventory Required 2 Required 4 > Required 1 Required 2Required 3 Required 4 Required 5 Compute the cost of units transferred out to the next department for materials,conversion, and in total for May. (Roun intermediate calculations to 2 decimal placas.) Cost of units completed and transferred out 5. Prepare a cost reconciliation report for May. Complete this question by entering your answers in the tabs below Required 1Required 2Required 3 Required 4Required 5 Prepare a cost reconcliation report for May. (Round your intermediate calculatlons to 2 decimal places.) ost Costs to ba accounted for Cost of beginning work in process inventory Cost of ending work in process inventory Cost of units completed and transferred out Costs added to production during the period Total cost to be accounted for Costs accounted for as follaws Total cost accounted for Required 4 Required5