Sheridan Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,290,566 as follows. Work in process, November 1 Materials Conversion costs Direct materials added during November Direct labor incurred during November Manufacturing overhead assigned during November $79,500 48,400 $127,900 1,596,420 226,000 340,246 $2,290,566 Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 663,400 units were started into production, and 25,600 units were in ending work in process 40% complete as to conversion costs. Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process.

For Questions B and C, please format the answer in the blank charts. Question B requires making a Production Cost Report and Question C requires a Cost Reconciliation Schedule.

Sheridan Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,290,566 as follows. Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 663,400 units were started into production, and 25,600 units were in ending work in process 40% complete as to conversion costs. Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process. Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, November 30 Materials Conversion costs Total costs Equivalent Units Cost per unit Determine the assignment of costs to goods transferred out and in process. Costs accounted for: Transterred out Work in process, November 30 Materials Conversion costs Total costs Prepare a production cost report for the Assembly Department