The Sanding Department of Bonita Company has the following production and cost data for November. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Bonita Company uses the FIFO method to compute equivalent units. Assume that beginning work in process consists of 900 units valued at $10,147 ( $5,000 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $124,120 and manufacturing overhead costs are $53,200. Determine the equivalent units of production for materials and conversion costs. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.) Material costs $ Conversion costs $ Total unit costs $ Bonita Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials $5000 Conversion Costs \begin{tabular}{r|} \hline 5147 \\ \hline \end{tabular} $10147 Transferred out Work in process, November 30th Materials $14280 Conversion Costs Total costs The Sanding Department of Bonita Company has the following production and cost data for November. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Bonita Company uses the FIFO method to compute equivalent units. Assume that beginning work in process consists of 900 units valued at $10,147 ( $5,000 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $124,120 and manufacturing overhead costs are $53,200. Determine the equivalent units of production for materials and conversion costs. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.) Material costs $ Conversion costs $ Total unit costs $ Bonita Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials $5000 Conversion Costs \begin{tabular}{r|} \hline 5147 \\ \hline \end{tabular} $10147 Transferred out Work in process, November 30th Materials $14280 Conversion Costs Total costs