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 74,000 390,000 Pounds started into production during May Pounds completed and transferred to the next department materials 70% complete, conversion 30% complete Work in process inventory, May Pounds in process, May 31 34,000 Cost data: Materials cost Conversion cost $ 98,800 $ 44,000 Cost added during May: Materials cost Conversion cost 513,830 $ 242,130 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.) Materials Conversion Cost per equivalent unit