Villa Products, located in Chicago, uses the weighted-average method in its process costing system. It manufactures a product called Worzel that goes through three processing stages prior to completion. Information on work in the first department, Cleaning, is given below for May:

Production data:
Pounds in process, May 1; materials 100% complete; conversion 90% complete	69,000
Pounds started into production during May	340,000
Pounds completed and transferred out	?
Pounds in process, May 31; materials 80% complete; conversion 20% complete	15,000
Cost data:
Work in process inventory, May 1:
Materials cost	$ 78,000
Conversion cost	$ 15,300
Cost added during May:
Materials cost	$ 405,140
Conversion cost	$ 83,950

Required (SHOW YOUR WORK):

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.

3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.

4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.

5. Prepare a cost reconciliation report for May.