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

Production Costs 1. Transferred out 14,000 units. Beginning work in process $0 2. Started 3,100 units that are 60% Materials 57,969 complete as to conversion Labor 24,160 costs and 100% complete as Manufacturing overhead 21,200 to materials at July 31.

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.

(a)

Correct answer iconYour answer is correct. Determine the equivalent units of production for (1) materials and (2) conversion costs.

Materials Conversion Costs Total equivalent units of production

(b1)

Correct answer iconYour answer is correct. Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials $ Conversion costs $

(b2)

Partially correct answer iconYour answer is partially correct. 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 Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs $

$