Builder Products, Inc, uses the weighted-average method in ts process costing system. It manufactures a caulking compound that through three processing stages prior to completion. Information on work in the first department, Cooking,is given below for May Production data: Pounds in process, May 1; materials 100% complete; conversion 9e% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 78% c lete; 90,880 550,800 conversion 3e% complete 50,000 Cost data: Work in process inventory, May 1: $152, 300 63,380 $ 791,458 Materials cost Conversion cost Cost added during May: Materials cost Conversion cost $ 348,188 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 2Required 3Required 4Required 5 Compute the equivalent units of production for materials and conversion for May Materials Conversion Equivalent onits of production Required 2>