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 11 materials 100% complete conversion 90% complete Poobds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 80s complete) conversion 20 complete Cost data Work in process Lovestory, May 11 Materials cost Conversion cost Cost added during Hay Materials cost Conversion cont Required: 77,000 420,000 37,000 $ 130,300 $61,100 5677,540 $336,190 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 ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Cost of ending work in process inventory Materials Conversion Total 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 datas Pounds in process, May 11 materials 100% complete) conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 311 materials 80% complete conversion 20% complete Cost datas Work in process inventory, Hay 11 Materials cons Conversion cont Cost added during Bays Materials cost Conversion cost Required 77,000 420,000 7 37,000 $ 130,300 $61,100 8 677,540 $336,190 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