Problem 4-16 Comprehensive Problem-Weighted-Average Method DLO4-2, LO4-3, LO4-4, LO4-5] Builder Products, Inc., 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 1, materials 89,000 100% complete, conversion 90% complete 540,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 60,000 materials 80% complete, conversion 20% complete Cost data: Work in process inventory, May 1: 124,400 Materials cost 61,700 Conversion cost Cost added during May: 646,850 Materials cost Conversion cost 339,190 The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. Materials Conversion Equivalent units of production