Builder Products, Inc. manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May Production data Pounds in process, May 1; materials 100% complete: conversion 90% complete 73,000 Pounds started into production during May 380,000 Pounds completed and transferred out Pounds in process, May 31: materials 80% complete; conversion 20% complete 33,000 Cost data: Work in process inventory, May 1: 111,600 Materials cost 55,800 Cost added during May: Materials cost 580,320 Conversion cost 306,810 The company uses the weighted average method. Required 1. Compute the equivalent units of production. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit