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

Production				Costs
1.		Transferred out 13,300 units.		Beginning work in process		$0
2.		Started 4,600 units that are 60%		Materials		59,070
		complete as to conversion		Labor		24,654
		costs and 100% complete as		Manufacturing overhead		21,920
		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.

Total equivalent units of production: Materials:___________ Conversion cost:16060 (b) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.):

Materials:$___________ Conversion cost:$__________ Prepare a cost reconciliation schedule.

Cost Reconciliation

Cost accunted for
Transferred out		$________
Work in process, July 31
Materials	$______
Conversion cost	_______	______
Total costs		$105,644