The cutting department of Groneman Manufacturing has the following production and cost data for July. Production 1. Transferred out 11,900 units. 2. Started 3,400 units that are 60% complete in terms of conversion costs and 100% complete in terms of materials at July 31. (a) Costs Total equivalent units Beginning work in process Materials Materials Labour Manufacturing overhead Determine the equivalent units of production for materials and conversion costs. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. $0 Conversion Costs 45,900 16,500 5,804 Calculate the unit costs for the month. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit costs Materials Conversion costs Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs