Exercise 3-6 The Cutting Department of Cassel Company has the following production and cost data for July Production Costs 1. Transferred out 12,100 units. Started 4,200 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31 Beginning work in process Materials Labor Manufacturing overhead 2. 68,297 18,551 21,800 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 Work in process, July 31 Materials Conversion costs Total costs