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Sheridan Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process, and

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Sheridan Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Complete Production Data-Basketballs Units Work in process units, July 1 60 % Units started into production Work in process units, July 31 40 % Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Costs added during July Direct materials Direct labor Manufacturing overhead $720 650 530 1,230 600 $1,370 2,448 660 1.210 Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 2,250.) SHERIDAN COMPANY Bladder Department Production Cost Report Physical Units Quantities Conversion Costs Materials. Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Completed and transferred Equivalent Units Units accounted for Completed and transferred Work in process, July 31 Total units. Costs Unit costs Total costs Equivalent units Unit costs Materials. Conversion Costs Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred Work in process, July 31 Materials Conversion costs Total costs

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