The Cutting Department ofCraneCompany has the following production and cost data for July.

Production

Costs

1.

Completed and transferred out9,840units.Beginning work in process$02.

2,460units in ending working in process are 60%

complete as to conversion costs and 100%

complete as to materials at July 31.Direct materials

36,900Direct labor13,284Manufacturing overhead15,006

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process.

(a)

Determine the equivalent units of production for (1) materials and (2) conversion costs.

Materials

Conversion Costs

Total equivalent units of productionenter a number of units

enter a number of units

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(b1)

Compute unit costs.(Round unit costs to 2 decimal places, e.g. 2.25.)

Materials

$

enter a dollar amount rounded to 2 decimal places

Conversion costs

$

enter a dollar amount rounded to 2 decimal places

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(b2)

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

$

enter a dollar amount

Work in process, July 31

Materials

$

enter a dollar amount

Conversion costs

enter a dollar amount

enter a subtotal of the two previous amounts

Total costs

$

enter a total amount