9 points 73,000 380,000 2 02.03.08 Production data Pounds in process, May 1: materials 100% complete conversion 908 complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 808 complete conversion 201 complete Cost data Work in process inventory, May 1: Materials cost Conversion cost Cost added during May Materials cost Conversion cost 33,000 $111,600 $ 55,800 cBook Print References $580,320 $306,810 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Compute the equivalent units of production for materials and conversion for May. Materials Conversion Equivalent units of production Mc Graw HINI