Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulki

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Builder Products, Incorporated, uses the weighted-average methodin its process costing system. It manufactures a caulking compoundthat goes through three processing stages prior to completion.Information on work in the first department, Cooking, is givenbelow for May:
Required:
1. Compute the equivalent units of production for materials andconversion for May.
2. Compute the cost per equivalent unit for materials andconversion for May.
3. Compute the cost of ending work in process inventory formaterials, conversion, and in total for May.
4. Compute the cost of units transferred out to the nextdepartment for materials, conversion, and in total for May.
5. Prepare a cost reconciliation report for May.