Builder Products, lnc., manufactures a caulking compound that goes through three processing stages prior to completion. lnforrnation on work in the rst department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete 67,000 Pounds started into production during May 320,000 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 $ 78,500 Conversion cost $ 20,300 Cost added during May: Materials cost $ 408,220 Conversion cost $ 111,730 The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. Equivalent units of production 360,000 _ 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) 3. Determine the cost of ending work in process inventory and of the units transferred out to the next department. (Round your intermediate calculation to 2 decimal places.) Cost of ending work in process inventory - Cost of units completed and transferred out _ 4. Prepare a cost reconciliation report for the month. (Round your intermediate calculations to 2 decimal places.) Costs to be accounted for: _ Cost of beginning work in process inventory _E Costs added to production during the period Total cost to be accounted for Costs accounted for as follows. _0 Cost of ending work' In process inventory _ Cost of units completed and transferred out -n Tnf'nl nncf' annl Infnrl fnr