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 901 complete 85,000 Pounds started into production during May 500,000 Pounds completed and transferred out 7 Pounds in process, May 31; naterials 80% complete: conversion 209 complete 45,000 Cost data: Work in process inventory, May 1: Materials cost $ 135,700 Conversion cost $ 22,000 Cost added during May: Materials cost $ 705,260 Conversion cost 5 120, 740 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 Compute the equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production 2 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 901 complete 85,000 Pounds started into production during May 500,000 Pounds completed and transferred out Pounds in process, May 31; materials set complete; conversion 20 complete 45,000 Cost data: Work in process inventory, May 11 $ 135,700 Conversion cost $ 22,000 Cost added during May! Materials cost $ 705,260 Conversion cost $ 120,740 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. Materials cost Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required Required 5 Compute the cost per equivalent unit for materials and conversion for May (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit 7 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 Moy. Production data: Pounds in process. May 1: materials 100% complete: conversione complete 85,000 Pounds started into production during May 500,000 Pounds completed and transferred out Pounds in process, May 31: materials and complete; conversion 205 complete 45,000 Cost data: Work in process inventory, May 1: Materials cost $ 135,700 Conversion cost $ 22.000 Cost added during May! Materials cost 5.705,260 Conversion cost $ 120,740 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 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) Conversion Cost of ending work in procesu inventory Materials Total 2 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; naterials 100% complete conversion 901 complete 85,000 Pounds started into production during May 500,000 Pounds completed and transferred out Pounds in process, May 31: materials Bon complete: conversion 209 complete 45,000 Cost data: Work in process inventory, May 11 Materials cost $ 135,700 Conversion cost $ 22,000 Cost added during May: Materials cost 5.785,260 Conversion cost $ 120,740 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 cost of units transferred out to the next department for materials, conversion, and in total for May (Round your Intermediate calculations to 2 decimal places) Materials Conversion Cost of units completed and transferred out Total www Materials cost $.135, 700 Conversion cost $ 22,000 Cost added during May Materials cost $ 705,260 Conversion cost $ 128,740 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 a Required 4 Required Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.) Cost Reconciliation Corts to be accounted for Total cost to be accounted for Costs accounted for as follows: Total cost accounted for