The Cutting Department of Crane Company has the following production and cost data for July. Production Costs 1. Beginning work in process $0 2. Completed and transferred out 12,480 units. 3,120 units in ending working in process are 60% complete as to conversion costs and 100% complete as to materials at July 31. Direct materials 62.400 Direct labor 16,848 Manufacturing overhead 19,032 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production e Textbook and Media Compute unit costs. (Round unit costs to 2 decimal places, e8. 2.25.) Materials $ Conversion costs Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, eg 2.25 and final answers to decimal places, es. 1,225.) Cost Reconciliation Costs accounted for Completed and Transferred out Work in process, July 31 Materials Conversion costs Total costs e Textbook and Media