Problem 4-16 Comprehensive Problem-Weighted-Average Method LO4-2, LO4-3, LO4-4, LO4-5] Show apps Products, Inc., 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 65,000 300,000 Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31: 25,000 materials 80% complete; conversion 20% complete Cost data: Work in process inventory, May 1 73,200 Materials cost 24,400 Conversion cost Cost added during May 380,400 Materials cost 134,300 Conversion cost 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