3 Problem 5-16 (Algo) Comprehensive Problem-Weighted Average Method (L05-2, LO5-3, LO5-4, LO5-5] 25 points 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 88, 289 530,000 ? 65,00 Production data: Pounds in process, May 1; materials 1895 complete; conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials ses complete; conversion 40% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cast Conversion cost $ 186,080 $ 59,792 $ 551,120 $ 328,230 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 s Compute the equivalent units of production for materials and conversion for May Materials Conversion Equivalent units of production