Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5] Builder 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: Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete Pounds started into production during May 10,000 100,000 Pound Completed and 1materials 60% complete; sfe ... conversion 208 complete 15,000 Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost $ 1,500 7,200 $ $154,500 90,800 Required: 1. Compute the equivalent units of production for materials and conversion for May. 2 ompute the cost 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. eq alent unit for materials and conversion for Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 5 Required 1 Required 4 Compute the equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Required 2