Builder Products, Incorporated, 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 $82,000$

Pounds completed and transferred out $470,000$

Pounds in process, May $31$; materials $70\%$ complete;

conversion $30\%$ complete

Cost data:

$42,000$

Work in process inventory, May $1$:

Materials cost

Conversion cost

Cost added during May:

Materials cost

Conversion cost

$$152,300$

$$52,300$

$$791,650$

$$287,390$

Required:

Compute the equivalent units of production for materials and conversion for May.

Compute the cost per equivalent unit for materials and conversion for May.

Compute the cost of ending work in process inventory for materials, conversion, and in total for May.

Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.

Prepare a cost reconciliation report for May.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Required $4$

Required $5$

Prepare a cost reconciliation report for May. $($Round your intermediate calculations to $2$ decimal places.$)$

$\backslash$table$[[$Cost Reconciliation$],[$Costs to be accounted for:,$],[,],[,],[$Total cost to be accounted for,$],[$Costs accounted for as follows:,$],[,],[,],[$Total cost accounted for,$]]$