Problem 5-16 Comprehensive Problem-Weighted-Average Method [LO5-2, LO5-3, LO5-4, LOS-5) Builder Products, Inc, uses the weighted-average method in its process costing system. It manufactures a caulking compound that coes through three rocessing stages prior to completon Infrmaion on work in the first epatment Cooking, is given below for May ts Production data: 0156.28 pounds in process, May 1; materials 100% complete ; conve rsion 80% complete Pounds started into production during May 10,000 100,000 Pounds completed and transferred out Pounds in process, May 31: materials 60 complete; conversion 20% complete 15,000 Cost data: Work in process inventory, May 1: Materials cost Conversion cost $ 1, 500 $ 7,200 Cost added during May: Materials cost Conversion cost $154, 500 s 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. 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 3 Required 4 Required 5 Compute the equivalent units of production for materials and conversion for May. Equivalent units of production