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 78,000 100% complete; conversion 90% complete 430,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: 38,000 materials 70% complete, conversion 30% complete Cost data: Work in process inventory, May 1: 140,200 Materials cost Conversion cost 70,400 Cost added during May Materials cost 728,850 386,930 Conversion cost 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