Check my work Builder Products, incorporated, uses the welghted-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 datar Founde in proces, May 1, material 1001 complete Conversion 900 complete 65,000 Pounds started into production during May 300,000 Pounds completed and transferred out Pounde in process, May 31: materials 80 complete conversion 200 complete 25,000 Coat datar Work in process inventory. May 11 Materials cont $ 73,200 Conversion coat $ 24,400 Cont ndded during May Materials cost $ 380,400 Conversion cont $ 134,300 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