The Cutting Department of Cassel Company has the following production and cost data for July 1. 2. Production Transferred out 12,400 units. Started 3,400 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31 Costs Beginning work in process Materials Labor Manufacturing overhead $0 55,774 8,557 22.200 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs 14240 Total equivalent units of production 15500 Compute unit costs. (Round unit costs to 2 decimal places, eg 2.25.) Materials $ 3,20 Conversion costs $ 2.40 Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, eg. 2.25 and final answers to O decimal places, eg, 1,225.) Cost Reconciliation Costs accounted for Transferred out Work in process, July 31 Materials $ 75640 11470 Conversion costs 4464 15934 Total costs $ 91574