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(Solved): The Sanding Department of Quik Furniture Company has the following production and manufacturing cos ...
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020 , the first month of operation. Production: 6,760 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufocturing costs Materials $37,088; labor $20,800; overhead $40,656. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to 0 decimal places, e.g. 125)
Units accounted for Transferred out. Work in process. March 31 Totalunits Costs Materials ? Conversion Costs ? Unit costs Total Costs Equivalent units Unit costs
Costs to be accounted for Workin process, March 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process. March 31 Materials Comversion costs. Total costs