The cutting department of Carla Vista Manufacturing has the following production and cost data for July. Production Costs 1. Completed and transferred out 11,500 units. Beginning work in process $-0- 2. 3,000 units in ending work in process inventory are 60% complete Direct materials 44,950 in terms of conversion costs and 100% complete in terms of materials at July 31. Direct labour 15,100 Manufacturing overhead 16,820 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Total equivalent units Direct Materials 14500 Conversion Costs 13300 (b) Calculate unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit costs Direct materials $ Conversion costs $ Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process inventory, July 31 Direct materials Conversion costs Total costs CA $ +A $ $