The PVC Company manufactures a high-quality plastic pipe 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 66,000 Pounds started into production during May 310,000 Pounds completed and transferred to the next department ? Pounds in process, May 31: materials 70% complete; conversion 30% complete 26,000 Cost data: Work in process inventory, May 1: Materials cost $ 68,300 Conversion cost $ 19,300 Cost added during May: Materials cost $ 355,130 Conversion cost $ 105,930 The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. Materials=? Conversion=? 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Materials=? Conversion=? 3. Determine the cost of ending work in process inventory and of the units transferred out to the next department. (Omit the "$" sign in your response.) Materials Conversion Total Cost of ending work in process inventory $ $ $ Cost of units completed and transferred out $ $ $ 4. Prepare a cost reconciliation report for the month. (Omit the "$" sign in your response.)