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 67,000 320,000 100% complete, conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: materials 75% complete, conversion 25% complete 27,000 Cost data Work in process inventory, May 1: Materials cost Conversion cost $ 78,500 $ 20,300 Cost added during May Materials cost Conversion cost $ 408,220 $111,730 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