Santana Mortgage Company uses a process cost system to accumulate costs in its Application Department. When an application is completed, it is forwarded to the final processing. The following processing and cost data pertain to September. 1. Applications in process on September 1, 200 2. Applications started in September, 900 3. Completed applications during September, 600 4. Applications still in process at September 30 were 100% complete as to materials (forms) and 60% complete as to conversion costs Beginning WIP: Direct materials $1,440 Conversion costs 4,580 September costs: Direct materials $5.160 Direct labor 12.690 Overhead 6,760 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the pr Determine the equivalent units of service (production) for materials and conversion costs. Conversion Costs Materials O O Direct materials Direct labor Overhead $5,160 12,690 6,760 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs ar Determine the equivalent units of service (production) for materials and conversion costs. Materials Conversion Costs The equivalent units of service (prodaction) Compute the unit cost. (Round unlt costs to 2 decimal places, eg, 2.25.) Materials Conversion Costs Unit costs $ $ O o