Builder Products, Inc. manufactures a sealant that goes through three processing stages before being completed. In the first section, Cooking, information about the May activities is given below:

Production data:
Sterling processing, May 1; materials are 100% complete; conversion 90% complete		85,000
Pound started production in May		500,000
Pound completed and transferred		?
Sterling processing, May 31: materials 80% complete; conversion 20% complete		45,000
Cost data:
Work in the process inventory, May 1:
material cost	$	135,700
Conversion cost	$	22,000
Added cost during the month of May:
material cost	$	705,260
Conversion cost	$	120,740

The company uses the weighted average method.

Necessary:

1.	Calculate equivalent units of production.

2.	Calculate the equivalent per-unit costs for the month. (Round your answers to 2 decimal places.)

3.	Determine the cost of finishing work in process inventory and units transferred to the next department. (Round your intermediate calculation to 2 decimal places.)

4.	Prepare a cost reconciliation report for the month.