E3-7 The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Prepare a production cost report (LO 3, 4), AP Production: 7,000 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,000: labor $21,000; and overhead $36,000 XLS Instructions Prepare a production cost report