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
Equivalent units of production

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
Cost per equivalent unit	$	$

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.)

Cost Reconciliation
Costs to be accounted for:
(Click to select)Cost of beginning work in process inventoryCost of units completed and transferred outCost of ending work in process inventory	$
(Click to select)Cost of units completed and transferred outCosts added to production during the periodCost of ending work in process inventory
Total cost to be accounted for	$
Costs accounted for as follows:
(Click to select)Costs added to production during the periodCost of ending work in process inventoryCost of beginning work in process inventory	$
(Click to select)Cost of beginning work in process inventoryCost of units completed and transferred outCosts added to production during the period
Total cost accounted for	$