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

Production				Costs
1.		Transferred out 12,300 units.		Beginning work in process		$0
2.		Started 4,400 units that are 60%		Materials		64,295
		complete as to conversion		Labor		19,191
		costs and 100% complete as		Manufacturing overhead		20,400
		to materials at July 31.

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

(a)

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

B 1.)

Compute Unit Cost:

Material $

Conversion costs $

B 2.

Prepare a cost reconciliation schedule

Cost reconciliation
Transferred Out	____	$__Fill Here_____
Work in process July 31
Material	$___Fill Here________
Conversion costs	____Fill Here__________	______FIll Here_____
Total costs		$ Fill Here