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The Finishing Department of Culver Company has the following production and cost data for July: 1. Completed and transferred out, 9,280 units. 2. Ending work

The Finishing Department of Culver Company has the following production and cost data for July: 1. Completed and transferred out, 9,280 units. 2. Ending work in process inventory, 2,320 units that are 40% complete as to conversion costs. 3. Materials added, $40,600; conversion costs incurred, $25,520. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Culver Company uses weighted-average process costing, and there were no units in beginning work in process. (a) Your answer has been saved. See score details after the due date. Compute the equivalent units of production for materials and conversion costs for the month of July. Equivalent units of production for material cost 11,600 units Equivalent units of production for conversion cost 10,208 units Attempts: 1 of 1 used (b) Compute unit costs and prepare a cost reconciliation schedule. Materials cost $ Conversion cost per unit (Round answer to 2 decimal places, e.g. 5.21.) per unit (Round answer to 2 decimal places, e.g. 5.21.) Costs accounted for Completed and transferred out Work in process inventory, 7/31 Materials Conversion costs Cost reconciliation schedule Total costs accounted for

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