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 rst department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 183% complete; conversion 96% complete ?3,BOB Pounds started into production during Mayr 438,660 Pounds completed and transferred out 5' Pounds in process, May 313. materials 115% complete; conversion 36% complete 33,606 Cost data: work in process inventory, May 1: Materials cost $ 148,206 Conversion cost $ ?B,460 Cost added during May: Materials cost $ ?23,850 Conversion cost $ 386,930 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 outto the next department for materials, conversion, and in total for May. 5. Prepare a cost reconciliation report for May. Complete this question by entering wur 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. Equivalent units of production - Required 2 > Required 1 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.) 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 Total Cost of units completed and transferred out 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.) Costs to be accounted to r: _ Total cost In be accounted for _ Costs accounted for as follows: _ Total cost accounted for _