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: 78,000 430,000 ? Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materials 70% complete; conversion 30% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost 38,000 140,200 $ $70,400 728.850 Conversion cost 386,930 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 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.) Total Cost of ending work in process inventory Cost of units completed and transferred out 4. Prepare a cost reconciliation report for the month. (Do not round your intermediate calculations.) Cost Reconciliation Costs to be accounted for: 0 Total cost to be accounted for Costs accounted for as follows: Total cost accounted for