Exercise 21-6 The Cutting Department of Cassel Company has the following production and cost data for July.

Production

1. Transferred out 14,100 units.

2. Started 4,400 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31.

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Costs

Beginning work in process $0

Materials 64,195

Labor 17,663

Manufacturing overhead 19,500

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Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.

Determine the equivalent units of production for (1) materials and (2) conversion costs.

	Materials	Conversion Costs
Total equivalent units of production	?	?

Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials: $ ?

Conversion costs: $ ?

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	$?
Materials $ ?
Work in process, July 31
Conversion costs ?	?
Total costs	$ ?