Builder Products, Inc., 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 66,000 310,000 7. 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 70% complete; conversion 30% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost 26,000 $ 68,300 $ 19,300 $ 355,130 $105,930 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 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 TOT I 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 May 4. Compute the cost of units transferred out to the next department for materials, 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 cost per equivalent unit for materials and conversion for May. (Round y Materials Conversion Cost per equivalent unit MAR 25 MacBo. 000 0 F2 F1 F3 000 F4 F5 @ # % 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 cost of ending work in process inventory for materials, conversion, and in total for May. (Re intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory MAR 25 30 MacBook Pro o 0 F3 000 000 F4 F1 F2 F5 ao F7 F6 ! @ $ % ^ & #3 2 4 5 6 7 Q W E R T Y Saved Help Save & Exit Submit 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 cost of units transferred out to the next department for materials, conversion, and in total intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out 25 MacBook Pro BAS F1 . F5 F2 F3 F4 F7 ! @ # $ % & 1 2 3 4 5 6 7 8 Q W E R T Y A S F G H 570... Saved Help Save & Exit Submit 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 Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places. Cost Reconciliation Costs to be accounted for: $ 0 Total cost to be accounted for Costs accounted for as follows: Total cost accounted for $ 0 WAR 25 MacBook Pro Bo F3 000 DOO F4 F1 F2 F7 F5 F6 ! @ & #3 % 5 2 4 6 7