Exercise 16-06 The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 13,700 units. Started 4,900 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 60,450 29,520 20,400 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Your answer is correct. Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production 18600 16640 SHOW SOLUTION LINK TO TEXT LINK TO VIDEO Your answer is correct. Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials 3.25 Conversion costs 3 SHOW SOLUTION LINK TO TEXT LINK TO VIDEO Your answer is partially correct. Try again. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) Cost Reconciliation Costs accounted for Transferred out 85625 Work in process, July 31 Materials 15925 Conversion costs 14700 14700 Total costs 110370 Click if you would like to Show Work for this question: Open Show Work