Calculate the unit costs and prepare a cost reconciliation schedule. Conversion Costs Costs Materials Total Unit costs Costs in September 5330 $ $ Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, September 1 $ Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, September 30 Materials $ Conversion costs Total costs $ Hi-Tech Mortgage Company uses a process costing system to accumulate costs in its loan application department. When an application is completed, it is forwarded to the loan department for final processing. The following processing and cost data pertain to September: 1. Beginning work in process: Direct materials $1,180 4,050 2. Conversion costs September costs: 3. Applications in process on September 1, 90 Applications started in September, 1,010 Completed applications during September, 800 Applications still in process at September 30 were 100% complete in terms of materials (forms) and 60% complete in terms of conversion costs. Direct materials Direct labour $4,320 11,550 10,860 4. Overhead Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process