Sheridan Company has gathered the following information.

Units in beginning work in process		20,900
Units started into production		249,100
Units in ending work in process		26,100
Percent complete in ending work in process:
Conversion costs		60	%
Materials		100	%
Costs incurred:
Direct materials		$108,000
Direct labor		$580,202
Overhead		$185,500

Compute equivalent units of production for materials and for conversion costs.

		Materials		Conversion Costs
The equivalent units of production

Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)

		Materials		Conversion Costs
Unit costs		$		$

Show the assignment of costs to units transferred out and in process.

Transferred out		$
Ending work in process		$