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 61,000 260,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 21,000 materials 80% complete: conversion 20% complete Cost data Work in process inventory, May 1 58,800 Materials cost 21,100 Conversion cost Cost added during May 305,520 Materials cost 115,790 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