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 62,000
Pounds started into production during May 270,000
Pounds completed and transferred out ?
Pounds in process, May 31:
Materials, 70% complete; Conversion, 30% complete 30,000

Cost data:
Work in process inventory, May 1:
Materials cost $86,900
Conversion cost $39,300
Cost added during May:
Materials cost $451,510
Conversion cost $216,060

The company uses the weighted-average method.

Required:
a. Compute the equivalent units of production.
b. Compute the costs per equivalent unit for the month.
c. Determine the cost of ending work in process inventory and of the units transferred out to the next department.
d. Prepare a cost reconciliation report for the month.