The Cutting Department of Ivanhoe Company has the following production and cost data for July. Production Costs 1. Completed and transferred out 10,320 units. Beginning work in process $0 2. 2,580 units in ending working in process are 60% complete as to conversion costs and 100% complete as to materials at July 31. Direct materials 51,600 Direct labor 13,932 Manufacturing overhead 15,738 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. (a) Your answer is incorrect. 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 Save for Later Last saved 1 second ago. Attempts: 1 of 5 used Submit Answer (61) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials $ Conversion costs $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (52) Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) Cost Reconciliation Costs accounted for Completed and Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs $