The cutting department of Groneman Manufacturing has the following production and cost data for July. Production 1. Transferred out 12,000 units. Costs Beginning work in process $0 2. Started 3,200 units that are 60% Materials 41,040 complete in terms of conversion Labour 15,500 costs and 100% complete in terms of materials at July 31. Manufacturing overhead 16,516 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Total equivalent units Materials 15200 Conversion Costs 13920 (b) Calculate unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, eg. 15.25) Materials Unit costs $ Conversion costs $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs $