The Cutting Department of Coronado Company has the following production and cost data for August. Production Costs 1. Started and completed 10,000 units. Beginning work in process $0 2. Started 2,200 units that are 40% completed at August 31. Materials 48,800 Labor 13,200 Manufacturing overhead 25,424 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Coronado Company uses the FIFO method to compute equivalent units. a. Determine the equivalent units of production for (1) materials and (2) conversion costs. b. Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) C. Prepare a cost reconciliation schedule