Problem 5-16 (Algo) Comprehensive Problem-Weighted-Average Method [LO5-2, LO5-3, LO5-4, LO5-5) 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: 63,000 290,000 ? 23,000 Production data Pounds in process, May 1; materials 100% complete; conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 75% complete; conversion 25% complete Cost data: Work in process inventory, May 1: Materials cost. Conversion cost Cost added during May: Materials cost. Conversion cost , 1: $ 67,500 $ 29,100 $ 350,690 $ 159,835 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 equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Required 1 Required 2 > He Sub Problem 5-16 (Algo) Comprehensive Problem --Weighted Average Method [LOS-2, LOS-3, LOS-4, LOS-5) Builder Products, incorporated, uses the weighted average method in its process costing stort marfactures a chubing compound that goes through the processing stages prior to completion Information on work in the first department Cooking, given below for May Production data Founde in mo, may ti materials 100 complete 6). Perunde tarted into production during May Poonde completed and mastered Forando in proces, Maymaria pite were con 250 nmplete 23,900 cort data: Work in proces inventory. May 16 Materiale cost 67.100 Conversion coat 1 29.100 Cost added during way! wateriale con Conversion 199,35 Required: 1. Compute the equivalent units of production for materials and conversion for May 2. Compute the cost per equivalent un for materials and conversion for May 2. Compute the cost of ending work in process inventory for materials, conversion, and info for May 4. Compute the cost of units transferred out to the next department for materials, conversion and into for May 5. Prepare a cost reconciliation report for May Complete this question by entering your answers in the tabs below Required: Required Required Required Required Compute the equivalent units of production for materials and conversion for May Male Converse Equat units of production Required)