Builder Products, Incorporated, uses the weighted-average method of process costing. 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	61,000
Pounds started into production during May	260,000
Pounds completed and transferred out	?question mark
Pounds in process, May 31; materials 80% complete; conversion 20% complete	21,000
Cost data:
Work in process inventory, May 1:
Materials cost	$ 58,800
Conversion cost	$ 21,100
Cost added during May:
Materials cost	$ 305,520
Conversion cost	$ 115,790

Required:

For May:

1. Compute the equivalent units of production for materials and conversion.
2. Compute the cost per equivalent unit for materials and conversion.
3. Compute the cost of ending work in process inventory for materials, conversion, and in total.
4. Compute the cost of units transferred out to the next department for materials, conversion, and in total.
5. Prepare a cost reconciliation report.