Production data: Pounds in process, May 1; materials 1eex complete; conversion 90% complete 72,000 370,eee Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 68% complete; conversion 48% complete 32,e00 Cost data: Work in process inventory, May 1: Materials cost Conversion cost s 72,700 s 48,80e Cost added during May: Materials cost Conversion cost 377,960 $ 268, 3e0 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