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In: AccountingSHOW WORK PLEASEProblem 4-16 Comprehensive Problem-Weighted-Average Method[LO4-2, LO4-3, LO4-4, LO4-5]Builder Products,Inc., uses...SHOW WORK PLEASEProblem 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 costingsystem. It manufactures a caulking compound that goes through threeprocessing stages prior to completion. Information on work in thefirst department, Cooking, is given below for May:Productiondata:Pounds inprocess, May 1; materials 100% complete;conversion 90% complete76,000Pounds startedinto production during May410,000Pounds completedand transferred out?Pounds inprocess, May 31; materials 60% complete;conversion 40% complete36,000Cost data:Work in processinventory, May 1:Materialscost$117,900Conversioncost$53,600Cost addedduring May:Materialscost$613,080Conversioncost$294,700Required:1. Compute theequivalent units of production for materials and conversion forMay.2. Compute the costper equivalent unit for materials and conversion for May.3. Compute the cost ofending work in process inventory for materials, conversion, and intotal for May.4. Compute the cost ofunits transferred out to the next department for materials,conversion, and in total for May.5. Prepare a costreconciliation report for May.