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 88,000 530,000 100% complete, conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 materials 60% complete , conversion 40% complete 65,000 Cost data Work in process inventory, May Materials cost Conversion cost S 106,000 $ 59,700 Cost added during May: Materials cost Conversion cost 551,120 328,230 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