Hooghly Products manufactures a silicone paste wax that goes through three processing departments-Cracking, Blending, and Packing. All raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for a recent month is given below: Inventory, May 1 Materials Conversion Inventory, May 31 Work in Process-Cracking Department 305,500 Completed and transferred 728,690 to the Blending Department 280,600 ? ? The May 1 work in process inventory consisted of 100,000 pounds with $217,500 in materials cost and $88,000 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 295,000 pounds were started into production. The May 31 inventory consisted of 88,000 pounds that were 90% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average method to account for units and costs. Required: 1. Determine the equivalent units of production for May. 2. Determine the costs per equivalent unit for May. 3. Determine the total cost of ending work in process inventory and the cost of the units completed and transferred to the Blending Department during May. 4. Prepare a cost reconciliation report for the Cracking Department for May.