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 55,000 Pounds started into production during May 330,000 Pounds completed and transferred out ? Pounds in process, May 31: materials 60% complete; conversion 40% complete 15,000 Cost data: Work in process inventory, May 1: Materials cost $ 78,900 Conversion cost $ 23,700 Cost added during May: Materials cost $ 410,010 Conversion cost $ 130,460 The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) 3. 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.) 4. Prepare a cost reconciliation report for the month.