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:

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 69,000 100% complete conversion 90% complete Pounds started into production during May 340,000 Pounds completed and transferred out Pounds in process, May 31: materials 80% complete; conversion 20% complete 15,000 Cost data: Work in process inventory, May 1: Materials cost 78,000 Conversion cost 15,300 Cost added during May: Materials cost 405,140 Conversion cost 83,950 The company uses the weighted average method. Required: 1. Compute the equivalent units of production. Materials Conversion 397,000 Equivalent units of production 4,066,000 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) Materials Conversion s 1.19 Cost per equivalent unit 0.25