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 60,000 250,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 materials 60% complete; conversion 40% complete 20,000 Cost data Work in process inventory, May 1: 59,000 Materials cost 23,400 Conversion cost Cost added during May Materials cost 306,420 Conversion cost 128,580 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