The Cutting Department of Groneman Manufacturing has the following production and cost data for July.
Production
Costs
1. Transferred out 9,000 units. Beginning work in process $ -0-
2. Started 3,000 units that are 60% complete as Materials 45,000
- to conversion costs and 100% complete as Labor 16,200
- to materials at July 31. Manufacturing overhead 18,900
- 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.
- Compute unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 10.50. Use rounded amounts for future calculations. Round other answers to 0 decimal places, e.g. 125.)