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: 74,000 390,000 2 Produetion data Pounds in process, May 1, material 100% complete conversion 900 complete Pounds started into production during May Pound completed and transferred out Pounde in process, May 31; materials 701 complete conversion 308 complete Cort data Work in process inventory Hay 11 Materials cast Conversion cout Cont added during May Materials cost Conversion coat 34.000 $ 98,00 $ 44,000 $513,830 $242,130 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 Compute the equivalent units of production for materials and conversion for May