Builder Products, Inc., uses the weighted-average method i caulking compound that goes through three processing stages prior to completion. Information on work in first department, Cooking, is given below for May: its process costing system. It manufactures a the 10 points 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 60% complete ; 55,000 330,000 eBook Print References conversion 40% complete 15,000 Cost data: Work in process inventory, May 1: Materials cost Conversion cost s 78,900 s 23,700 Cost added during May: Materials cost Conversion cost $410,010 $130,460 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 4. Compute the cost of units transferred out to the next department for materials, conversion, and 5. Prepare a cost reconciliation report for May. total for May