The Cutting Department of Sheridan Company has the following production and cost data for July. Production 1. Completed and transferred out 11,040 units. 2. 2,760 units in ending working in process are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process $0 Direct materials 55,200 Direct labor 14,904 Manufacturing overhead 16,836 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Determine the equivalent units of production for (1) materials and (2) conversion costs. Total equivalent units of production eTextbook and Media Materials 13800 Conversion Costs 12696 Your answer is correct. Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials $ 4 Conversion costs $ 2.50 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 Completed and Transferred out Work in process, July 31 A 11040 Materials Conversion costs Total costs $ 19040 4140 +A 23180 34220