ile Edit View History Bookmarks People Window Help Cannect Inacio Corporation uses the w Secure! https:/ ucation.com/flow/connect.html Chapter 4 Homework Assignment Saved You skipped this question in the previous attempt. 8 Builder Products, Inc, uses the weighted-average method in its process costing system. It manufactur goes through three processing stages prior to completion. Information on work in the first department May 1.91 points Production data Pounds in process, May 1; materials 100t complete 82,000 470,000 conversion 908 complete Sk pped Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31s nateriala 708 complete conversion 308 complete 42,000 Cost datas Work in process inventory May 1 k cess inventory! Hay 1 Print Materials cost Conversion cost $152,300 52,300 Cost added during May Materials cost Converaion cost $791,650 $287,390 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 fo 5. Prepare a cost reconciliation report for May.