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 66,000 310,000 100% 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 26,000 Cost data: Work in process inventory. May 1: Materials cost Conversion cost $ 88,300 S 19,300 Cost added during May: Materials cost Conversion cost $ 355,130 $ 105,930 The company uses the weighted-average method Required 1. Compute the equivalent units of production, Materials Conversiorn 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 encing 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