The Cutting Department of Blossom Company has the following production and cost data for July.

Production				Costs
1.		Completed and transferred out 14,880 units.		Beginning work in process		$0
2.		3,720 units in ending working in process are 60% complete as to conversion costs and 100% complete as to materials at July 31.		Direct materials		55,800
				Direct labor		20,088
				Manufacturing overhead		22,692

Determine the equivalent units of production for (1) materials and (2) conversion costs.

		Materials		Conversion Costs
Total equivalent units of production		enter a number of units		enter a number of units

Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials		$ enter a dollar amount
Conversion costs		$ enter a dollar amount rounded to 2 decimal places

Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.)

Cost Reconciliation
Costs accounted for
Completed and Transferred out			$ enter a dollar amount
Work in process, July 31
Materials	$ enter a dollar amount
Conversion costs	enter a dollar amount		enter a subtotal of the two previous amounts
Total costs			$ enter a total amount for this schedule