Problem 4-16 (Algo) Comprehensive Problem-Weighted Average Method (L04-2, LO4-3, LO4-4, LO4-5) Builder Products, incorporated, uses the weighted-average methodlin 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 82,000 470,000 7 42.000 Production datai Pounds in process, May 1: material. 1001 complete: conversion 90% completo Pounds started into production during May Pounds completed and transferred out Pounds in proces, May 31; materiale 70% complete conversion 0 complete Cost datai Work in process inventory, May 1: Materiale cost Conversion cost cost added during May Materials cost Conversion cost $152,300 $ 52,300 $ 791,650 $ 202,390 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