(b) Calculate unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit costs Materials Conversion costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials $ Conversion costs 1 Total costs Question 3 The cutting department of Groneman Manufacturing has the following production and cost data for July Production Costs 1. Transferred out 12,250 units, Beginning work in process $0 2. Started 3,000 units that are 60% Materials 47,275 complete in terms of conversion Labour 15,300 costs and 100% complete in terms of materials at July 31. Manufacturing overhead 7,180 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process