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Accounting problem: Follow the same FORMAT in the pictures EXACTLY. Open pics in a new tab for clearer view The Sanding Department of Quik Furniture
Accounting problem: Follow the same FORMAT in the pictures EXACTLY. Open pics in a new tab for clearer view
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 7 units finished and transferred out; 3r 000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $35,498; labor $21,000; overhead $39,155. Prepare a production cost report. (Round unit costs to 2 decinnalplaces, e.g. 2.25.) QUIK FURNITURE CoMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2017 Equivalent Units Physical Quantities Units Units to be accounted for Work in process, March 1 Started into production Total units Units accounted for Transferred out Work in process, March 31 Total unitsStep by Step Solution
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