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.

Prepare a DEIEt remnciliatinn schedule. {Round unit oasis to 2 decimal! Hm my. 2.25 and nal! ail-5m to I} decimal plum ..-'. 1,225.} Wu mpietl: Momma-m .: mm J: :: WNW J:| .: Mbmqra: WE |:| mm _I:| _I:| mm :| Santana Mortgage Company usesa process nesting system toacsumulate pests in its Application Department. wnen an application is opmpleled, it isforwarded to the Loan Department for nal processing The following processing and post data pertain to Sepbember. 1' appliaalions in prooessdn September 1, 1m 2. ppliat'lm; started in Septemberr 91d] 3. Completed appllcaurs during Sawmills, 650 4. Appltatiuns still in pruoess at Sepbanber 30 were 100% oomplete as in materiais (farms) and 60% complete as bu somerslon alibi Beuimirlg WIP: Dirt-en materials $1,301! Conversion costs 4,754: September oasis: Dlm rnalierlals $4,696 Dll'ui lab!!! 12,20\" cue-tread mall HatEnals are the forms used in the applicatinrl processr and Him posts are incurred attne beginning of the prooees. Conversion costs are incurred unifcrmly during the process. Santana Mortgage Company uses the FIFO rrreuiod. Also, assume that the appliralions in pm on September 1 were wuss. complete as bl: materials {forms} and m complehe as to mnvel'slori coats Determine the equivalent unls orseririse (production) lor materials and mmarslnn msts, \"I! Elm-1'31\"\" "* m 'mem' |:| |:| UHKTDITEIT LINKTDI'EKT Cumpube the unit costs. [Round unit can: In 2 decimal prams, my. 2.25.] "mm 1|:I 1.: LINKTIETEIT LIHKTHI'EKT