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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,
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 1,596,420 226,00 340,246 $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.
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