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: 83.000 480.000 2 Production data Founde in process, May 13 materiale 100 complete conversion 901 complete Pounds started into production during May Pounds completed and transferred out Founds in process, ay); materials 151 completes conversion 25 complete Costdata Work in process inventory. May 1 Materials cost Conversion cost Cost added daring May Materials cont Conversion cost 43.000 $125.300 $53.900 666.940 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. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Required 2 > Required 1 Reguted 2 Required 3 Required 4 Required 5 Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decima Materials Conversion Cost per equivalent unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requiad 3 Required 4 Required 5 Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (Ro intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Required 1 Required 2 Required 3 Requtred 4 Required 5 Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (Round Intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out 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.) Cost Reconciliation Costs to be accounted for: Total cost to be accounted for Costs accounted for as follows: Total cost accounted for