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 es Production datat Pounds in process, May 1; materials 100% complete; conversion 908 complete 84.000 Pounds started into production during May 490,000 Pounds completed and transferred out 2 Pounds in process, May 317 materials 601 complete conversion 404 complete 44,000 Cost data: Work in process inventory, May 11 Materials cost $ 130,200 Conversion cost 5.21,100 Cost added during May Materials cost $ 676,580 Conversion cout $ 115,800 1 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