Chapter 6 Homework Problem Builder Products, Inc., 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: Units in process, May 1;100% complete as to materials UnitsstartedintoproductionduringMay10,000100,000 Units completed and transferred to the next process 95,000 Units in process, May 31;60% complete as to materials and 20% complete as to labor and overhead ??? Materials are added at several stages during the cooking process, whereas labor and overhead costs are incurred uniformly. Prepare production reports for the Cooking Department for May using both the weighted-average and FIFO methods. Prepare the journal entries associated with: a) the addition of costs in the Cooking Department, and b) the transfer of units to the next department in the process, which is Coloring. Journal entries should be done using automatic feeds from EXCEL. Round per unit cost data to the 3d decimal place if necessary