Sheridan Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are added at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete as to conversion-ending inventory Cost Data Direct materials used in June $225,720 Direct labor incurred in June 61,104 Manufacturing overhead assigned in June 128,592 Total $415,416 June 0 25,080 2,280 40% Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Completed and transferred out Work in process, June 30 Total units 0 25080.00 25080.00 10032 2280.00 12312 Determine the equivalent units of production for materials and conversion costs. Materials Total equivalent units 25080.00 eTextbook and Media Your answer is partially correct. Compute the unit costs of production. Unit Costs Materials 9 Conversion Costs Conversion Costs 25992 Total Unit Cost 7 $ 16 Determine the costs to be assigned to the units completed and transferred out and to work in process for June. Transferred out SA Work in process, June 30 to Prepare a production cost report for the Molding Department for the month of June. SHERIDAN COMPANY Molding Department Production Cost Report Quantities Units to be accounted for Work in process, June Started into production Total units Physical Units Materials Equivalent Units Conversion Costs Units accounted for Completed and transferred out Work in process, June 30 Total units Costs Unit costs Total Costs Equivalent units Unit costs Materials Conversion Costs process, June 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, June 30 Materials: Conversion costs Total costs S