omework Saved Help Problem 5-16 Comprehensive Problem-Weighted-Average Method [LO5-2, LO5-3, L05-4, L05-5) Bullder Products, Inc., 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: 10,000 100,000 2 Production data. Pounds in proces, May 1; materials 100 completo conversion 80 complete Pounds started into production during May Pounde completed and transferred out Pounds in process, May 31, materials 609 complete; conversion 208 complete Cont data: Work in process inventory, May 11 Materials cost Conversion cout Cont added during May Materials coat Conversion cost 15,000 $ 1,500 $ 7,200 $154,500 90,000 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 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May