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\begin{tabular}{|l|l|l|} \hline & Materials & Conversion \\ \hline Cost per equivalent unit & & \\ \hline \end{tabular} Builder Products, Incorporated, 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: 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. Intermediate calculations to 2 decimal places.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Cost Reconciliation } \\ \hline Costs to be accounted for: \\ \hline & \\ \hline & \\ \hline Total cost to be accounted for & \\ \hline Costs accounted for as follows: & \\ \hline & \\ \hline & \\ \hline Total cost accounted for & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Materials & Conversion & Total \\ \hline Cost of units completed and transferred out & & & \\ \hline \end{tabular} Compute the equivalent units of production for materials and conversion for May

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