Compute unit costs and prepare a cost reconciliation

Question

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

1. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
2. Determine the equivalent units of production for (1) materials and (2) conversion costs.
3. 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.)