ignment S Problem 21-3A al-a4, b (Part Level Submission) (Video) Sheridan Industries Inc, manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data-July T12-Tables Work in process units, July 1 0 Units started into production 23,600 Work in process units, July 31 3,540 Work in process percent complete 60 Data-July Work in process, July 1 Materials Labor Overhead Total $0 448,400 276,592 122,720 $847,712 (al) Your answer is correct. Compute the physical units of production T12 Tables Units to be accounted for 23600 2). For each plant compute equivalent units of production for materials and for conversion costs. 3). For each plant determine the unit costs of production (Round unit costs to 2 decimal places, e.g. 5.25.) 4). For each plant show the assignment of costs to units transferred out and in process. Physical Units Equivalent Units Conversion Materials Costs Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Materials Conversion Costs Total Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs