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		63,000
Pounds started into production during May		280,000
Pounds completed and transferred out		?
Pounds in process, May 31: materials 75% complete; conversion 25% complete		23,000
Cost data:
Work in process inventory, May 1:
Materials cost	$	67,500
Conversion cost	$	29,100
Cost added during May:
Materials cost	$	350,690
Conversion cost	$	159,835

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

Determine the cost of ending work in process inventory and of the units transferred out to the next department. (Round your intermediate calculation to 2 decimal places.)

	Total
Cost of ending work in process inventory
Cost of units completed and transferred out

4.	Prepare a cost reconciliation report for the month. (Round your intermediate calculations to 2 decimal places.)

Cost Reconciliation
Costs to be accounted for:
Total cost to be accounted for
Costs accounted for as follows:
Total cost accounted for