Exercise 16-09 a-c (Video) Sheridan Company has gathered the following information. Units in beginning work in process 0 Units started into production 42,000 Units in ending work in process 8,400 Percent complete in ending work in process: Conversion costs 40% Materials 100 % Costs incurred: Direct materials $79,800 Direct labor $70,400 Overhead $110,704 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Unit costs LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Show the assignment of costs to units transferred out and in process. Units transferred out Units in ending work in process