69.8 kg
That's assuming that your original human weighed 70 kg. If that doesn't sound like much got burnt up, consider that the energy released in this reaction is equivalent to that in 3 millions tonnes of TNT exploding: $14.4 \times 10^{15}J$.
The maths
In order to work this out, let's see what humans are made of. According to Wikipedia, 61% of a human is Oxygen, 23% is Carbon, 10% is Hydrogen and 6% is something else by mass. Let's ignore the "other" and, assuming that our human weighs 70kg, use these masses:
- Oxygen: 46kg
- Carbon: 17kg
- Hydrogen: 7kg
The reason that our unlucky human would end up as iron is that iron has the highest nuclear binding energy (per nucleon). You can think of this as the strength with which a nucleus is held together. This means that nuclei made of anything other that iron can release energy by becoming iron instead.
So let's work out how much energy our three elements would release if they fused into iron. To do this, we need the nuclear binding energy of Hydrogen, Oxygen and Carbon, and Iron. Hydrogen is easy: it's zero. That's because a hydrogen nucleus is already a single proton by itself: it's not bound to any nucleons. For the others, we can look at the difference between their mass and the mass of their components. For example, an iron-56 nucleus weighs 55.9 atomic masses and contains 30 neutrons + 26 protons. Wolfram Alpha informs us that iron therefore requires 479 MeV of energy to break it apart, 8.6 MeV per nucleon.
So it's:
- Hydrogen : 0 MeV / nucleon
- Oxygen: 7.5 MeV / nucleon
- Carbon: 6.6 MeV / nucleon
- Iron: 8.6 MeV / nucleon
The change in energy (and therefore the energy released) for each nucleon that started in a H/C/O atom and ended in an Fe atom is:
- Hydrogen : -8.6 MeV / nucleon
- Oxygen: -1.2 MeV / nucleon
- Carbon: -2.0 MeV / nucleon
All we need to do now is multiply by the number of nucleons for each. So, for carbon it's 17kg / 12.011 atomic mass units * 12 nucleon per atom* 2 Mev per nucleon = $3.3 \times 10^{15}J$.
Add these up and we get $3.3 + 5.3 + 5.8 \times 10^{15}J = 14.4 \times 10^{15}J$. That's the amount of energy released by fusing your person (enough to satisfy the whole of humanity's electricity needs for 2 hours). The amount of iron left over must be the mass of the person (70kg) - the energy given off. $E = mc^2$ so there must be 69.8 kg of iron left over.
The reason why your 5 lbs of ash is wrong is that fusion works by an entirely different method to combustion. If you burnt a human body then you would indeed expect around 5 lbs of ash (which, by the way, is mostly not carbon since the majority of the carbon ends up as $\mathrm{CO}_2$). However the rest of the body's mass would be in the gasses released which would then undergo fusion along with everything else.