Sheridan Company has gathered the following information. 0 43,600 8,700 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 40 % 100 % $80,660 $66.900 $101.972 Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion costs Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to o decimal places, e.g. 1,225.) Cost Reconciliation Costs accounted for Transferred out Work in process, July 31 Materials S Conversion costs II Total costs