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 70,000 Pounds started into production during May 350,000 Pounds completed and transferred to the next department ? Pounds in process, May 31: materials 75% complete; conversion 25% complete 40,000 Cost data: Work in process inventory, May 1: Materials cost $ 86,000 Conversion cost $ 36,000 Cost added during May: Materials cost $ 447,000 Conversion cost $ 198,000 3. Determine the cost of ending work in process inventory and of the units transferred out to the next department. Cost of ending work in process inventory? Cost of units completed and transferred out? 4. Prepare a cost reconciliation report for the month