The Finishing Department of the Maherajah Competition Water Ski Company has the following production and cost data for May $2024$:

Transferred out: $3,650$ water skis.

Ending work in process: $640$ water skis that are $30\%$ completed at May $31$st$.$

Materials added: $$82,900$; conversion costs incurred: $$52,350.$

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

Instructions

$($a$)$ Compute the equivalent units of production for materials and conversion costs for the month of May, $2024.$

$($b$)$ Compute unit costs and prepare a cost reconciliation schedule for the month of May $2024.$

Important: For all cost calculations, round off to the "nearest penny".