Problem 4-16A Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, L04-5] Builder 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 62,000 270,000 100% complete, conversion 90% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31 materials 70% complete, conversion 30% complete 22,000 Cost data Work in process inventory, May 1 Materials cost Conversion cost $ 55,100 $ 26,800 Cost added during May: Materials cost Conversion cost $286,570 $147,330 The company uses the weighted-average method Required 1. Compute the equivalent units of production Material:s 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