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 Production data Pounds in process, Hay 11 materials 100% completes conversion 9x complete Pounds started into production during May 67,000 320,000 Pounds completed and transferred out Pounds in process, May 31: materials 75% complete conversion 25% complete 77.000 Cost data Work in process inventory, May 1: Materials cost $78,500 Conversion cost $ 20,30 Cost added during May Materials cost 408,220 Conversion cost $111.730 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 2 Required: Required Required 4 Required Compute the equivalent units of production for materials and conversion for May Materials Conversion Equivalent units of production Required 2 > materiais 75% complete; conversion 25% complete Cost data: 27,000 Work in process inventory, May 11 Materials cost $ 78,500 Conversion cost $ 20,300 Cost added during May: Materials cost $ 408,220 Conversion cost $ 111,730 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 equired 2 Required 3 Required 4 Required 5 Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Prey 1 of 1 Next O AI re to search SI k nt > 320,000 Pounds completed and transferred out Pounds in process, May 31: materials 75% complete; conversion 25% complete 27,000 Cost data: Work in process inventory, May 1: Materials cost $ 78,500 Conversion cost $ 20,300 Cost added during May Material cost $408,220 Conversion cost 111,730 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 ences Complete this question by entering your answers in the tabs below. Required: Required 2 Repaired Required Required Compute the cost of ending work in process Inventory for materials, conversion, and in total for May (Round your Intermediate calculations to 2 decimal places Materials Conversion Total Cost of ending work in process inventory Prey 1 of 1 : Next MC Graw Hill of O pe here to search 27,000 st in process, May 31; materials 75% complete; conversion 25% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cast Conversion cost $ 78,500 520, 300 ences 5408,220 5 111,730 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 for May (Round your Intermediate calculations to 2 decimal places) Materials Conversion Total Cost of units completed and transferred out Prav 1 of 1 !!! Next Mc Graw ** E O RE Type here to search $ 20,300 Cost added during May: Materials cost $ 408,220 Conversion cost $ 111,730 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. 5 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 Total cost to be accounted for Costs accounted for as follows: Total cost accounted for Required 4 Reques