Bullder Products, Inc., 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: 87,000 520,000 7 Production datan Pounds in proCORE, May 1; materials 100% complete conversion 90 complete Pounds started into production during May Pounds completed and transferred out Pounds in procesa, May 31; materials 75t complete conversion 258 complete Cost data: Work in proceso inventory, May 11 Materials cost Conversion cost Cost added during May Materials coat Conversion cost 47,000 $142,100 $ 63,300 $738,870 $348,360 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 Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.) Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Cost of units completed and transforrod out Cost of onding work in process inventory Total cost accounted for $ 205,400 1,087.230 $ 1.292,830 5