Current Attempt in Progress The Finishing Department of Ayayal Company has the following production and cost data for July 1. Completed and transferred out, 9,920 units. 2 Ending work in process inventory, 2,480 units that are 40% complete as to conversion costs. 3. Materials added, $40,920; corversion costs incurred. 521.824 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Ayayai Company uses welghted average process costing, and there were no units in beginning work in process, (a) Your answer is correct Compute the equivalent units of production for materials and conversion costs for the month of July, 12400 units Equivalent units of production for material cost 10912 units Equivalent units of production for conversion cost (b) Compute unit costs and prepare a cost reconciliation schedule. Materials cost $ per unit (Round answer to 2 decimal places, eg, 5.21.) Conversion cost $ per unit (Round answer to 2 decimal places, es. 5.21.) Cost reconciliation schedule Costs accounted for $ Completed and transferred out Work in process inventory, 7/31 $ Materials Conversion costs $ Total costs accounted for e Textbook and Media