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	72,000
Pounds started into production during May	370,000
Pounds completed and transferred out	?
Pounds in process, May 31; materials 60% complete; conversion 40% complete	32,000
Cost data:
Work in process inventory, May 1:
Materials cost	$ 72,700
Conversion cost	$ 48,800
Cost added during May:
Materials cost	$ 377,960
Conversion cost	$ 268,300

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. (round answer to 2 decimal places)

3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (round your intermediate calculations to 2 decimal places)

4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.(round your intermediate calculations to 2 decimal places)

5. Prepare a cost reconciliation report for May.(round your intermediate calculations to 2 decimal places)