United Claim Processors provides claims processing services for major insurance companies. The Winnipeg location process

[answerhappygod]

United Claim Processors provides claims processing services for
major insurance companies. The Winnipeg location processes all
health benefit claims for various insurance benefit providers.
Claims are received electronically or by mail in the Initial Review
Department. Employees in this department sort claims into simple
and complex categories and note any missing documentation that may
be required. Simple claims are then passed on to the Processing
Department where skilled claims processors match information from
the claim with each individual’s accounts in the database and then
estimate the value of the benefit payment to be paid. Complex
claims go to a separate processing centre for further examination.
The next stage in the simple claims process is the Approval and
Payment Department, where final approvals and payments to claimants
are initiated and completed.
During March, the Initial Review Department transferred 5,407.00
simple claims to the Processing Department. At the end of March,
1,100 claims remained in the Initial Review Department that were
80% complete with respect to conversion. The cost per equivalent
unit for the month was $2.30 per claim processed, and total costs
incurred in the Initial Review Department during the month totalled
$14,460. (Note that there are only conversion costs in this
process; no raw materials are added at any point.)
Required:
Prepare the cost reconciliation portion of the Initial Review
Department’s production report for March. (Do not
round intermediate calculation. Round your answers to 2 decimal
places.)