Data for Hollins plc are given in BE21.8. Production records indicate that 18,000 units were transferred out, and 2,000 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule.

Data from BE21.8:

Production costs chargeable to the Finishing Department in June for Hollins plc are materials £12,000, labor £29,500, and overhead £18,000. Equivalent units of production are materials 20,000 and conversion costs 19,000. Compute the unit costs for materials and conversion costs.