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. 2. 3. Applications in process on September 1, 200 Applications started in September, 900 Completed applications during September, 600 Applications still in process at September 30 were 100% complete as to materials (forms) and 60% complete as to conversion costs. 4. $1,250 4,130 Beginning WIP: Direct materials Conversion costs September costs: Direct materials Direct labor Overhead $5,020 12,720 7,270 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. Your answer is incorrect Determine the equivalent units of service (production) for materials and conversion costs. Materials Conversion Costs The equivalent units of service production) e Textbook and Media Assistance Used Textbook 1 eTextbook 2 X Your answer is incorrect. Compute the unit cost (Round unit costs to 2 decimal ploos.eu 225.) Materials Conversion Costs Unit costs S S e Textbook and Media X Your answer is incorrect Prepare a cost reconciliation schedule. (Round uitcasts to 2 decimal plans 4 225 and final answers to daramal places, e 1225) Costs accounted for: Transferred out 5 Work in process, September 30 Materials $ IN Conversion costs Total costs