b2) Prepare Cost Reconciliation Schedule

The Cutting Department of Crane Company has the following production and cost data for July. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. (a) Determine the equivalent units of production for (1) materials and (2) conversion costs. (b1) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)