Builder Products, Incorporated, uses the weighted-average method in its process costing system. It 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	66,000
Pounds started into production during May	310,000
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	$ 68,300
Conversion cost	$ 19,300
Cost added during May:
Materials cost	$ 355,130
Conversion cost	$ 105,930

Required:

1. Compute the equivalent units of production for materials and conversion for May.

2. Compute the cost per equivalent unit for materials and conversion for May.

3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.

4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.

5. Prepare a cost reconciliation report for May.