The Finishing Department of Edwards Company has the following production and cost data for July: 1. Transferred out, 8,000 units. 2. Ending work in process, 2,000 units that are 40% completed at July 31. 3. Materials added, $30,000; conversion costs incurred, $17,600. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the proce (a) Your answer is correct. Compute the equivalent units of production for materials and conversion costs for the month of July. Equivalent units of production for material cost 10000 units Equivalent units of production for conversion cost 8800 units Click if you would like to Show Work for this question: Open Show Work Compute unit costs and prepare a cost reconciliation schedule. Unit cost $ Cost reconciliation schedule Costs accounted for Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs $