The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1.Transferred out 12,400 units. Beginning work in process$0 2.Started 3,400 units that are 60%Materials55,774 complete as to conversionLabor8,557 costs and 100% complete asManufacturing overhead22,200 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production LINK TO TEXT LINK TO TEXT Compute unit costs. (Round unit costs to 2 decimal places, e. g. 2.25.) Materials $ Conversion costs $ LINK TO TEXT LINK TO TEXT Prepare a cost reconciliation schedule.
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