Parts to Question 18

Sheridan Company has gathered the following information. 20,900 249,100 26,100 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 60% 100 % $108,000 $580,202 $185,500 Your answer is incorrect. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Question 18 View Policies Current Attempt in Progress The Welding Department of Sheffield Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Sheffield uses the FIFO method to compute equivalent units Manufacturing Costs Production Data Beginning work in process $46,332 Beginning work in process 21.600 units, 10% complete Costs transferred in 194,400 Units transferred out 77.760 Materials 82,080 Units transferred in 92.160 Labor SO.544 Ending work in process 36.000 units 20%.complete Overhead 98.496 Prepare a production cost report for the Welling Department for the month of February. Transferred-in costs are considered materials costs. (Round unit costs to 2 decimal places es 2.25 and other answers to decimal places, s. 125) SHEFFIELD MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Completed and transferred out Work in process. February 1 Started and completed Total Work in process, February 28 Total units Conversion Costs Materials Total Costs Unit costs Costs in February Equivalent units Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 1 Costs to complete beginning work in process Conversion costs Total costs Units started and completed Total costs transferred out Work in process. February 28 Materials Conversion costs Total costs