Icons BE21.8 (LO 4) Production costs chargeable to the Finishing Department in June in Hollins Company are materials $12,000. labor $29,500, and overhead $18,000. Equivalent units of production are materials 20,000 and conversion costs 19,000. Compute the unit costs for materials and conversion costs. BE21.9 (LO 4) Data for Hollins Company are given in B621.8. Production records indicate that 18,000 units were transferred out, and 2,000 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule, reconciliation schedule. Question 15 In its first month of operation the Molding Department started 20,000 units into production, During the month, 18,000 units were transferred out and the 2.000 units in work in process were 100% complete as to materials and 40% complete as to conversion costs. Equivalent units for conversion costs are