Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound 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 out		?
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

Compute the equivalent units of production for materials and conversion for May.

	Materials	Conversion
Equivalent units of production

Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.)

	Materials	Conversion
Cost per equivalent unit

Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

	Materials	Conversion	Total
Cost of ending work in process inventory

Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

	Materials	Conversion	Total
Cost of units completed and transferred out

Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.)

Cost Reconciliation
Costs to be accounted for:
Total cost to be accounted for
Costs accounted for as follows:
Total cost accounted for