CES Exercise 3-15 Santana Mortgage Company uses a process cost system to accumulate costs in its 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. Applications in process on September 1, 200 2. Applications started in September, 1,000 9 3. Completed applications during September, 700 deal 4. Applications still in process at September 30 were 100% complete as to materials (forms) and 60% complete as to conversion costs. idea) $1,110 4,930 $5,130 12,680 8,890 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 Determine the equivalent units of service (production) for materials and conversion costs. Beginning WIP: (Video) Direct materials (Video) Acides) Conversion costs September costs: Direct materials ts by Study Direct labor Overhead The equivalent units of service (production) Materials Conversion Costs horsement vacx Pec 2000-2021 John Wies & Sons. In All Rights Reserved A Division of she leans C @ 2 2 # 93 433 MacBook Pro Q Search or enter website name % 85 74 16 & 7 8 Q W E R T Y U 61 S O 44 - P +" delete