Santana Mortgage Company uses the FIFO method. Also, assume that the applications in process on September 1 were 100% complete as to materials (forms) and 40% complete as to conversion costs.

Santana Mortgage Company uses a process costing system to accumulate costs in its Application Department. When an application is completed, it is forwarded to the Loan Department for nal processing. The following processing and cost data pertain to September. Applications In process on September 1, 160 Applications started in September, 910 Completed applications during September, 650 Applications still In process at September 30 were 100% complete as to materials (forms) and 60% complete as to conversion costs. .hL-iMi-I Beginning WIP: Direct materials $1,300 Conversion costs 4,760 September costs: Direct materials $4,696 Direct labor 12,200 Overhead 8,080 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. Santana Mortgage Company uses the FIFO method. Also, assume that the applications in process on September 1 were 100% complete as to materials (forms) and 40% complete as to conversion costs. Determine the equivalent units of service (production) for rnatJerIals and mnversion nests. The equivalent unlls of service (production) 'umm'rerr] [Mimi-H1" vmee: APPLIED mus Compute the unit costs. (Round unit costs to 2 decimal places. e.g. 2.25.) Unlt east-a $ $ :umm'rerr] | mxmran' | men: APPLIED SKILLS Prepare a cast reconciliation schedule. (Round unit c053 to 2 decimal places, 2.9. 2. 25 and nal answers to 0 decimal places, 2.9. 1,225.) Appllmtlam cm'plehad: Workhpmoas,5epta11bal $ Cmmslunmsls $ Starbad and completed $ Via-kin mamas, Sepmba' 30: Maheals Wands TD'IEICDSIS $ [