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 Loan Department for final processing. The following processing and cost data pertain to September.

1.		Applications in process on September 1, 130
2.		Applications started in September, 970
3.		Completed applications during September, 740
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		$1,100
Conversion costs		4,660
September costs:
Direct materials		$4,686
Direct labor		12,610
Overhead		7,653

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 process.

X Your answer is incorrect. Try again. Compute the unit cost. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Unit costs $ LINK TO TEXT X Your answer is incorrect. Try again. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. Costs accounted for: Transferred out Work in process, September 30 Materials $ Conversion costs Total costs Open Show Work Click if you would like to Show Work for this