Exercise 16-06 The Cutting Department of Cassel Company has the following production and cost data for July. Costs 1. Beginning work in process Materials 2. Production Transferred out 13,600 units. Started 3,700 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. $0 63,145 16,186 20,200 Labor Manufacturing overhead Materials are entered at the beginning of the process. Conversion costs are incurred uniformly du Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production LINK TO TEXT Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion costs LINK TO TEXT LI Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers Cost Reconciliation Costs accounted for Transferred out Work in process, July 31 Materials $ Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work