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		82,000
Pounds started into production during May		470,000
Pounds completed and transferred out		?
Pounds in process, May 31; materials 70% complete; conversion 30% complete		42,000
Cost data:
Work in process inventory, May 1:
Materials cost	$	152,300
Conversion cost	$	52,300
Cost added during May:
Materials cost	$	791,650
Conversion cost	$	287,390

Required:

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

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

3. 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.)

4. 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.)

5. 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 ?