The test department 3070 of the company Iguana Verde Manufacturing has the following cost and production data for the month of April 2021.

Production: 25,000 units put into production; 20,000 units transferred and 5,000 units 100% complete in terms of material costs and 40% complete in terms of conversion costs.

Manufacturing Costs: Materials added at the beginning of the process, $90,000; labor, $72,000; general expenses $60,000.

Instructions: (30 points)

Calculate the following:

1. The physical units of production and equivalent units of materials and conversion costs.
2. The unit cost of production by cost of materials and conversion costs.
3. Reconciliation of costs for units transferred and in process at the end of the period.