Problem 5-16 Comprehensive Problem-Weighted-Average Method [LO5-2, L05-3, LO5-4, L05-5) 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 6 ins book Reference Perences 10,000 100,000 ? 15,000 Production data: Pounds in process, May 1; materials 100% complete conversion 50% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: saterials es complete conversion 20% complete Cost catat Work in process inventory, May 11 Materials cost Conversion cost Cost added during Mayt Materials cost Conversion cost $2,500 $ 7,200 5154,500 500,000 Materials cost Conversion cost $154,500 $ 90,800 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. Conypute the cost of ending work in process inventary 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 Culate this time putarinnar th your intermediate calculations to 2 decimal places.) Cost Reconciliation Costs to be accounted for S Total cost to be accounted for Costs accounted for as follows: 0 W Total cost accounted for $ 0 Room