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, May 1: materials 100% completes conversion 90% complete 36,000 Pounds started into production during May 510,000 Pounds completed and transferred out Pounds in process, May 31; materials 70% complete; conversion 30% complete 55,000 Cost data Work in process inventory, May 1: Materials cost $ 98,200 Conversion cost $ 62,600 Cost added during May! Materials cost $ 510,273 Conversion cost $344,375 Required: 1 Compute the equivalent units of production for matenols 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