The Cuting Department of Sanderson Company has the following production and cost data for July. (10 Points) Costs Production $ -0- 1. Transferred out 15,000 units Beginning work in process Materials Labor 70,000 21,600 25,200 2. Ending work in process, 5,000 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31 Manufacturing overhead Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Instructions (a) Determine/calculate the equivalent units of production: Answer: Equivalent Units of Production (1) | Materials (2) Conversion Costs (b) Determine/compute the unit costs Unit Cost Answer: Materials (2) Conversion Costs (c) Prepare a Cost Reconciliation Schedule: Sanderson Company Cutting Department Cost Reconciliation Schedule