A robust finite volume method for the solution of high-speed compressible flows in multi-material domains involving arbitrary equations of state and large density jumps is presented. The global domain of interest can include a moving or deformable subdomain that furthermore may undergo topological changes due to, for example, crack propagation. The key components of the proposed method include: (a) the definition of a discrete surrogate material interface, (b) the computation of a reliable approximation of the fluid state vector on each side of a discrete material interface via the construction and solution of a local, exact, two-phase Riemann problem, (c) the algebraic solution of this auxiliary problem when the equation of state allows it, and (d) the solution of this two-phase Riemann problem using sparse grid tabulations otherwise. The proposed computational method is illustrated with the three-dimensional simulation of the dynamics of an underwater explosion bubble.