The Cutting Department of Sanderson Company has the following production and cost data for July. Production 1. Transferred out 15,000 units 2. Ending work in process, 5,000 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process $ 0 Materials 70,000 Labor 21,600 Manufacturing overhead 25,200 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for materials and conversion costs. Materials Conversion cost Compute unit costs. (Round answer to 2 decimal places, e.g. 52.75.) Material cost $ per unit Conversion cost per unit Prepare a cost reconciliation schedule. Cost reconciliation schedule Costs accounted for Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs