The cutting department of Cullumber Manufacturing has the following production and cost data for July. Production 1. Completed and transferred out 11,850 units. Costs Beginning work in process $-0- 2. 3,150 units in ending work in process inventory are 60% complete Direct materials 51,000 in terms of conversion costs and 100% complete in terms of materials at July 31. Direct labour 16,100 Manufacturing overhead 7,258 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Total equivalent units Direct Materials Conversion Costs 15000 13740 Calculate unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 15.25.) Direct materials $ Unit costs Conversion costs $ Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process inventory, July 31 Direct materials Conversion costs Total costs +A $ $