The Cutting Department of Cassel Company has the following production and cost data for July Production Costs 1. Transferred out 12,300 units 2. Started 3,300 units that are 60% Beginning work in process Materials Labor Manufacturing overhead $0 53,040 10,088 19,900 complete as to conversion costs and 100% complete as to materials at July 31 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 Total equivalent units of production 15600 14280 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Compute unit costs. (Round unit costs to 2 decimal places,e.g. 2.25.) Materials Conversion costs 2.1 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS 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 83,028 Work in process, July 31 Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25) Materials Conversion costs 3.4 2.1 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS 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 83,028 Work in process, July 31 Materials 11220 Conversion costs Total costs