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

Production: 25,000 units started into production; 20,000 units transferred out and 5,000 units 100% completed as to materials costs and 40% completed as to conversion costs.

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

Instructions: (30 points)

Calculate the following:

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