Exercise 16-13 (Video) your answer is partially correct. Try again. The Welding Department of Sheridan Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15.000 units, 1/10 complete Materials $18,100 Units transferred out 55,400 Conversion costs 14.260 $32,360 Units started 51,100 Materials 229,77 Ending work in process 10.700 units, 1/5 complete Labor 67,800 Overhead 41,651 Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.) SHERIDAN MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Physical Units Equivalent Units Conversion Materials Costs Quantities Units to be accounted for Work in process, February 1 15,000 51,100 Started into production Total units 66,100 Units accounted for Transferred out 55.400 55.400 55,400 Work in process, February 28 10.700 10,700 2,140 Total units 66,100 66,100 57,540 Materials Conversion Costs Total Costs Unt costs Total Costs 247,875 123,711 155.800 Equivalent units 65.900 57,540 Unit costs 3.76 2.15 5.91 Costs to be accounted for Work in process, February 1 32350 Started into production 123.440 Total costs 155,800 Cost Reconciliation Schedule Costs accounted for 327,414 Transferred out Work in process, February 28 Materials 40,232 Conversion costs 4,601 44,833 Total costs 372,247