Chapter 4 Method LO4-2, LO4-3, LO4-4, L04- Builder Products, Inc, uses the weighted-average method in its process costing system, It man factures a caulking compound that goes through three processing stages prior to completion. lnf mation on work in the first department, Cooking, is given below for May: ed-Average PROBLEM 4-16 Production data: Pounds in process, May 1; materials 100% complete; 10,000 100,000 conversion 80% complete . Pounds started Into production during May...... Pounds completed and transferred out.............. Pounds in process, May 31, materials 60% complete; conversion 20% complete 15,000 Cost data: Work in process Inventory, May 1: $1,500 $7,200 Cost added during May ...$154,500 $90,800 Conversion cost L. Compute the equivalent units of production for mater 2. Compute the cost per equivalent unit for materials and con 3. Compute the cost of ending work in process inventory conversion, and in for materials, conven 4. Compute the cost of units transferred out to the next department ending work in materials and conversion for May.en, and in ventory for materials, conversion, in total for May S Prepare a cost reconciliation PROBL