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		84,000
Pounds started into production during May		490,000
Pounds completed and transferred out		?
Pounds in process, May 31: materials 60% complete; conversion 40% complete		44,000
Cost data:
Work in process inventory, May 1:
Materials cost	$	130,200
Conversion cost	$	21,100
Cost added during May:
Materials cost	$	676,580
Conversion cost	$	115,800

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. (Round your intermediate calculations to 2 decimal places.)

Materials Conversion Equivalent units of production