The Barrington Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.

Information on work in the first department, Cutting, is given below for May:

Production data:
Pounds in process, May 1: materials 100% complete; conversion 90% complete		70,000
Pounds started into production during May		350,000
Pounds completed and transferred to the next department		?
Pounds in process, May 31: materials 70% complete; conversion 30% complete		30,000
Cost data:
Work in process inventory, May 1:
Materials cost	$	86,900
Conversion cost	$	39,300
Cost added during May:
Materials cost	$	451,510
Conversion cost	$	216,060

The company uses the weighted-average method.

Required:

1.	Compute the equivalent units of production.

2.	Compute the costs per equivalent unit for the month. (Round your final 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 and final answers to the nearest whole dollar amount.)

4.	Prepare a cost reconciliation report for the month. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)